HECM and Jumbo Reverse Mortgage Company San Diego California
Accurate Reverse Mortgage Corp
Serving the Reverse Mortgage Needs of the Entire State of California
If you are here you have probably been searching for info on reverse mortgages. Well, you've landed in the perfect spot. While many big companies bounce you around complex call centers, we take a different approach. We are a small a boutique-style reverse mortgage company in San Diego, California. We offer a more personal touch with each and every client.
The company was formed by John Correll who is a veteran of the mortgage industry with over 25 years of experience. John holds the designation of CRMP (Certified Reverse Mortgage Professional). We aim to empower each client by offering complete reverse mortgage services and listening to their unique needs and goals.
While everything can be done via the phone and computer if you prefer - we still believe in delivering unmatched, one-on-one service that can only be experienced through face-to-face conversations over a kitchen table and sealed with a handshake. Your journey to understanding everything reverse mortgages starts here, where individualized attention meets expertise.
Thank you for spending time on our website and we would love to have a conversation with you about your goals and ways we can help you put your home's equity to work for you, a family member or someone you know.
"People First - Business Second."
- John Correll, CRMP and company founder
Offering a personalized approach to help educate clients on ways to use home equity and Reverse Mortgages.
Discover Today's Reverse Mortgage
with new Safeguards and Protections
Give Us A Call To Learn More and Get Your Questions Answered Quickly
Call or Text: (619) 294-9820
San Diego Reverse Mortgage Company California
Located in San Diego - But Proudly Serving the Entire Great State of California
John Correll, CRMP - Certified Reverse Mortgage Professional
What is a Reverse Mortgage?
A Reverse Mortgage is special type of home equity loan similar to a traditional mortgage but with some exciting features which are designed specifically for older homeowners.
A reverse mortgage is a mortgage loan choice for homeowners who are 62 years or older (minimum age 55 on the proprietary reverse mortgage products). It lets them convert a portion of their home's value into cash.
For many older homeowners, much of their wealth is tied the equity in their home. This product can convert some of this equity into funds to cover everything from basic living expenses to home improvements, travel, healthcare costs and more. There are no restrictions on how the money from a reverse mortgage can be used. As a result, more and more homeowners are incorporating reverse mortgages into their retirement plans to improve their financial security.
Unlike a regular mortgage where the homeowner pays the lender each month, with a reverse mortgage, there is no required monthly mortgage payment.
The borrower is not obligated to repay the loan until they sell the home or no longer live there. During their life time, as long as the borrower remains living in the home, they don't need to make any monthly payments toward the loan balance. However, as with any mortgage, the borrower must stay up to date with property taxes, homeowners insurance, and homeowners association fees (if applicable) plus maintain the property for the loan to stay in good standing.
The history of Reverse Mortgages goes all the way back half a century to the early 1960's. Today reverse mortgages have gain popularity by both older homeowner's and the financial planning community. Utilizing home equity can serve as a powerful way to enhance retirement.
Want to learn more - call us today (619) 294-9820 | (888) 603-1550
To review these potential benefits of what a reverse mortgage might do for you
please give me a call personally.
I have over 25 years mortgage lending experience.
I also hold the designation of CRMP (certified reverse mortgage professional).
Allow me put that experience to work for you, your family or someone you care about.
John Correll, CRMP - (619) 294-9820 | (888) 603-1550
Let’s have a conversation about using home equity to help reach your retirement goals.
A Few of the Benefits of a Reverse Mortgage
- No Monthly Mortgage Payments* If the homeowner has a traditional mortgage currently - that balance can be "refinanced" into the new reverse mortgage to eliminate the monthly payment.*
- Supplement Retirement Income Funds from the reverse mortgage can be taken as needed to help increase monthly cashflow and cover living expenses, medical bills and other emergencies.
- Stay Living in Current Home During the lifetime of the loan the homeowner can stay living in the home without needing to sell or make monthly mortgage payments as long as loan stays in good standing.*
- Potential Tax Advantages Here the borrower should consult their tax advisor or financial planner to discuss the numerous strategies on how to be savvy with a reverse mortgage.
- Heirs Inherit Any Remaining Equity After Paying Off the HECM Loan At a maturity event such as death - the reverse mortgage becomes due an payable and the estate can sell the home or payoff the loan another way such as a refinance. The estate then keeps the remaining equity.
- Non-Recourse Feature In the event the home is "upside down" meaning the loan is bigger than home value - neither the borrower nor the heirs are liable for the shortfall. This provides a level of protection against owing more than the home is worth.
* At least one borrower must continue to occupy the home as their primary residence, continue to pay ongoing property taxes, homeowners insurance, HOA dues (if any) and maintain the home for the loan to stay in good standing. As long as the borrower(s) continue to do those items No Monthly Mortgage Payments Are Required.
HECM and Jumbo Reverse Mortgage Company San Diego California
When selecting a loan officer, you should consider working with a professional who has earned the Certified Reverse Mortgage Professional (CRMP) designation, the highest designation in the industry, from the National Reverse Mortgage Lenders Association (NRMLA)
Discover the benefits of working with a CRMP Certified Reverse Mortgage Professional.
Serving all of California
Accurate Reverse Mortgage San Diego
Call or Text: (619) 294-9820
Toll Free: (888) 603-1550
Licensing Info:
CA Bur Real Estate Broker: #2484031, #01353015
NMLS #02214678, #1004396
Areas We Serve
Serving the Reverse Mortgage Needs of the Entire State of California
Our office is located centrally in San Diego where we can meet at our office in person. However, we also offer in-home appointments or remote proposal packages throughout all of San Diego and California. Some of the areas we have served include La Jolla, Pacific Beach, North Park, Hillcrest, Little Italy, Mission Beach, Old Town, South Park, Point Loma, University City, Normal Heights, Ocean Beach, Kensington, South Park, Golden Hill, Bankers Hill, Clairemont, Rancho Bernardo, Tierrasanta, Scripps Ranch, City Heights and Kearny Mesa. We've also worked with clients in other parts of the county including Coronado, Del Mar, Solana Beach, Carlsbad, Encinitas, National City, Chula Vista, Poway, Spring Valley, Santee, La Mesa, El Cajon, Oceanside, Escondido, Solana Beach, San Marcos, Imperial Beach, Lakeside, Vista and Rancho Santa Fe.
We proudly serve the entire state of California and we would love to speak with you.
Request Your Free Reverse Mortgage Info Kit
The Best Way to Understand if a Reverse Mortgage Could Work for You is to Simply Take a Look
Using this quick request form you will get access to:
- Clear Understanding of Available Choices
- Customized Quote that Covers Eligibility and Current Interest Rates
- Side-by-Side Comparison of Available Reverse Mortgage Products Based on Your Circumstances
- Connect to a CRMP with 25+ years lending experience who can help guide you
Thank you, John Correll, CRMP - Certified Reverse Mortgage Professional
p.s. we do not sell your info - you will hear from me personally.
Why choose John Correll and Accurate Reverse Mortgage Corp.?
High Client Satisfaction - Reverse Mortgage Testimonials
Working directly one-on-one with a "true specialist" in reverse mortgages has lead to hundreds and hundreds of happy clients.
Read Their Reverse Mortgage Success Stories
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A+ experience working with John. He's very thorough and great to work with. He came out to our house and explained everything clearly. Always available to answer questions and quickly... read more
Steve Janofsky
John has helped my mother with her reverse mortgage needs and has done an excellent job. He is very respectable, kind, takes time to explain procedures and policies, and... read more
Cindy Morrow
Just to let everyone know that I have been communicating with a John Correll, CRMP for many years. I am a home owner and I have been re-financed for my... read more
John Matsumoto
We have done three reverse mortgages with John Correll and couldn't be more pleased! He is so easy to work with, explains everything in detail so there are... read more
L Adams
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We have referred John several clients of ours. I get nothing but great feedback from all of them. He is extremely knowledgeable when it comes to reverse mortgages and holds... read more
Ric Goodman
John is extremely knowledgeable when it comes to reverse mortage. He is friendly and kind full of patience especially when there is someone who like to ask a lot of... read more
Suanne Lusk
John is the greatest - full confidence in him never worried about anything and he kept me informed the whole way
Lois Spaulding
I had the pleasure of working with John for the entire Reverse Mortgage process. He was great, very informative, helpful and personable. He kept me updated through every... read more
Denelle Bush
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John Correll at Lineage Lending did our first reverse mortgage in 2018 and handled a refinancing of it in November, 2021. He is totally honest, trustworthy and well organized.... read more
Jon Cunningham
Want a Reverse Mortgage? The best thing you can do for yourself is call John. We just finished a RM refi and he was on top of it every step... read more
Ray Wing
A personal service lender instead of the large, out of the area firms that work by committee with o defined single point of contact. Better, more complete answers, tailored... read more
John Brown
John Correll Reverse Mortgage Specialist (Lineage Lending, Reverse Loans) is professional, the most honest person I could met in my whole life. He offered me the best... read more
ildiko c
Visit Our Google Business Page to Read More And Leave Your Own Review If You Feel Inspired
We have a strong commitment to delivering an exceptional reverse mortgage client experience.
Accurate Reverse Mortgage Corp
A San Diego Reverse Mortgage Company
John Correll, CRMP
Certified Reverse Mortgage Professional
Call or Text: (619) 294-9820
Toll Free: (888) 603-1550
