San Francisco
415-377-4276

Los Angeles
310-462-1307

Irvine
949-607-6474

Sonoma
707-339-0746

San Diego
858-444-0704

Palo Alto
650-334-5260

Sacramento
916-838-9211

San Jose
408-438-1017

Key Differences

How is a reverse mortgage different from a conventional loan?

  • There are no monthly principal and interest mortgage payments
  • Loan repayment is not due until:
    • Borrower(s) move out.
    • Borrower(s) sell the property.
    • Borrower(s) pass away.
    • If the loan obligations are not met

Let’s add up the benefits of a reverse mortgage. As long as you are meeting the obligations of the loan . . .

  • You get to stay in your home and retain ownership.
  • You satisfy your financial needs and wants.
  • You get the resources to maintain your lifestyle and financial independence.
  • You can use the reverse mortgage as an estate-planning tool (see your tax advisor).
  • Has no effect on Social Security and Medicare.
  • Currently the IRS treats the monies received as non taxable income (see your tax advisor).

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