California Jumbo Reverse Mortgage
Get Started Today (888) 603-1550
NMLS#1004396, #2484031
CA Bur Real Estate - Real Estate Broker #01353015, #02214678
California Jumbo Reverse Mortgage Company
Unlock The Power of Home Equity
Introducing a Jumbo Reverse Mortgage with a Flexible Line-of-Credit Feature
Loan amounts up to $4 million
Owners of higher valued homes now have several new and exciting choices to help use home equity in retirement.
A Jumbo Reverse Mortgage is a home financing option that can allow some homeowners age 55 and older access to part of the wealth stored up in the equity in their home without needing to sell or move.
Monthly mortgage payments are optional on this loan choice, making it popular with many in retirement. *
(888) 603-1550
John Correll, CRMP
Certified Reverse Mortgage Professional
NMLS #1004396, #2484031
CA Bur Real Estate -Real Estate Broker #01353015, 02214678
* Borrower still required to pay ongoing property taxes, homeowners insurance and maintenance of home as well as occupy home as their primary residence for the loan to remain in good standing.
Let's Have a Conversation About Ways Home Equity
Might Help You Reach Your Retirement Goals
Designed specifically for higher valued properties in California.
Potentially Access Hundreds of Thousands of Dollars more than the FHA-insured HECM Reverse Mortgage Allows
Funds for home improvements
Cover medical or in-home care expenses
Consolidate other debts to improve monthly cash-flow
Refinance a mortgage balance into a reverse to eliminate monthly mortgage payments*
Provide Children with an early inheritance
Have greater financial liquidity
Put my knowledge and experience as a CRMP
to work for you and your family.
(888) 603-1550
Strong Real Estate Prices Set the Stage
for Jumbo Reverse Mortgages in California
Line-of Credit Option
Flexible Repayment Feature
Expanded Lending Limits
Receive funds desired at closing and place the remaining portion in a line-of-credit that can be accessed as needed in the future
Flexible Repayment Feature
Expanded Lending Limits
Receive funds desired at closing and place the remaining portion in a line-of-credit that can be accessed as needed in the future.
Pay as much or as little as you like towards principal and interest each month, or make no monthly loan payments - the choice is yours.* (borrower must continue to pay ongoing property taxes, homeowner's insurance & maintenance.)
Expanded Lending Limits
If you received a quote in the past you may be surprised to learn the new rules and lending percentages could allow you access substantially more of your home's equity than was previously available.
Request your quote today.
It's an exciting time for owner's of higher valued homes who are age 55+.
Today's Jumbo Reverse Mortgage offers more choices and has undergone a number of updates which might make them worth taking a second look at. Recent changes includes expanded lending percentages, more competitive interest rates and most recently a line-of-credit option.
Many financial advisors now recognize some of the potential strategies with reverse mortgages
At one time a reverse mortgage was considered a loan of last resort or only a product for a needs based borrower. Today many in the financial planning community have begun to recommend a reverse mortgage as part of a smart financial plan for certain clients. *** Many have begun to recognize the potential benefits of a reverse mortgage such as:
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Increase liquid cash reserves
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Standby Bear Market Strategy - Protect portfolio performance in a down market
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Time drawing of Social Security and pension payouts
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Access tax-free funds to reduce tax liabilities **
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No Capital Gains Tax***
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Downsize or finance a new residence with a Reverse for Purchase
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Eliminate the required monthly mortgage payment on an existing traditional mortgage* Improving cash flow each month.
* Borrower still required to pay ongoing property taxes, homeowners insurance and maintenance of home as well as occupy home as their primary residence for the loan to remain in good standing.
** Not tax or finanial advice. Contact your financial advisor or tax planner
*** Capital gains taxes are only due upon a sale. A Reverse Mortgage is a loan, secured by a mortgage on your home, and does not require sale of the home as long as the loan is in good standing
Explore the Power of a California Jumbo Reverse Mortgage
Call today and let's have a conversation about ways to use home equity in retirement.
(888) 603-1550
We are California's Jumbo Reverse Mortgage Specialists
NMLS # 2484031, #1004396
CA Bur Real Estate - Real Estate
Broker #02214678, #01353015
If you are located in anywhere in Southern California, I am more than happy to come out to meet with you face-to-face, in your home. Reverse Mortgages can be complicated at first glance, but I am here as an educator to help explain things in an easy to understand manner.
Together we can review the pro's and con's of a Jumbo Reverse Mortgage in your situation.
Call to find out if you qualify and book your appointment today.
(888) 603-1550
