Reverse Mortgage Company in California Providing Personalized Reverse Mortgage Services
What is a Reverse Mortgage and How Do They Work in California
California is called the Golden State for many reasons. Today, California has the highest median home prices in the entire country. California homeowners have experienced tremendous home appreciation in recent years. For an older homeowner who has been living in their home for a number of years, this means there probably has been quite of bit of equity built up in that California home.
If you are 55 or older you may have some exciting and flexible choices available with a reverse mortgage in California.
As the owner of Accurate Reverse Mortgage Corp., I invite you to explore this page and educate yourself on creative ways to use home equity in retirement. For many of my clients, a reverse mortgage has worked as a powerful tool for many older homeowners in all parts of California. John Correll is a local California CRMP (certified reverse mortgage professional) and has been very successful in all areas of California assisting homeowners obtain a reverse mortgage on their homes. I encourage you to give me a call and together we can take a look at what a reverse mortgage might be able to do for you.
- John Correll, CRMP
Certified Reverse Mortgage Professional
(888) 603-1550
High Home Values in California Set the Stage For Reverse Mortgages
California is located in the western part of the United States and is a diverse and influential state. California is known for its beautiful landscapes, strong economy, and cultural significance. As America's most populated state with over 39 million people and is a true a melting pot of different cultures and languages. Across the state you can find sunny beaches to tall mountains and vast deserts and redwood forests, California is a true natural wonder.
California is a big player on the world stage. Its huge and vast economy is one of the biggest globally, driven by technology, entertainment, and farming. In the north you can find Silicon Valley which is a hotspot for new inventions, startups and tech companies. In southern California you can find places like Hollywood and Los Angeles, the epicenter of the movie industry. The state also has a robust music scene too. California is also a leader working hard to protect the environment by using more clean energy and fighting climate change.
When it comes to homes and real estate, California is famous for high home values and the highest median home prices in America. As a result, the cost of housing in many parts of the state can be quite expensive, making it a challenge for some people to find affordable places to live. In cities like San Francisco and Los Angeles and San Diego home prices can be very high. However, despite these challenges, California's real estate market remains active and competitive, with a mix of modern developments and historic homes. For older homeowners, high home prices have created wealth in the form of home equity. A reverse mortgage can serve as a tool to help convert some of that home equity wealth into funds that can be accessed during retirement. Its no wonder that California has the highest number of existing reverse mortgages in place and more than any other state in the country.
Providing Comprehensive Reverse Mortgage Services in California
(888) 603-1550
We Are a Local California Reverse Mortgage Brokerage
Reverse Mortgage Loan Programs in California
There are a number of loan programs available with a reverse mortgage.
We are a California Reverse Mortgage Brokerage offering a compressive array of reverse mortgage products.
Here is a highlight of what we specialize in:
All Reverse Mortgage Loan Options Are Available Across the Entire State of California.
7 Ways to Use a California Reverse Mortgage
While there virtually an unlimited ways to use a reverse mortgage, here are a seven ways a reverse mortgage might be used to enhance your financial situation during retirement.
1
Supplement Retirement Income: Proceeds from a reverse mortgage can be drawn as regular monthly payments, a lump sum at closing or via a flexible line-of-credit which can be used to supplement retirement income. This can help cover living expenses, medical costs and other ongoing living bills and needs.
2
Lower Monthly Bills On Existing Debts: Funds from a reverse mortgage can be used to pay off and consolidate into the reverse mortgage existing high-interest debt, such as credit card balances or medical bills. This can lower monthly bills and reduce overall financial stress.
3
Home Repairs and Improvements: Proceeds from a reverse mortgage can be used to pay for home repairs, modifications, or upgrade improvements that can enhance your quality of life plus increase the overall value of your property.
4
Cover Healthcare Expenses: Reverse Mortgage proceeds can be used to cover medical or dental expenses, in-home care and even pay for health insurance costs. Having a line-of-credit or access to additional funds can create a safety net for unexpected medical bills or other needs.
5
Travel and Leisure: After securing the reverse mortgage, many borrowers have taken dream vacations or indulged in leisure activities by using proceeds from their reverse mortgage to finance vacations, hobbies, or other experiences that bring them joy and fulfillment.
6
Assist Family Members: Many people with a reverse mortgage have used some of their funds to help their children or grandchildren financially by using a reverse mortgage to provide them with financial support, help pay for them to go to college or provide down payment funds for their kids or grandkids to buy their own home.
7
Create a "Standby or Emergency Fund": By not spending all the money available from the reverse mortgage, many borrowers have set aside a portion of the reverse mortgage funds to keep safe to be used an "emergency fund" to help cover unexpected expenses, home repairs or other needs that come up in the future.
Turning Home Equity into Opportunity: Exploring Reverse Mortgages in California
What Would You Do With Your Reverse Mortgage?
The possibilities are endless.
California Certified Reverse Mortgage Professional John Correll CRMP
I invite you to give me a call personally so we can discuss ways you might be able to put some of your home equity to work for yourself with a California Reverse Mortgage.
(888) 603-1550 - (619) 294-9820
Serving the Reverse Mortgage Needs of All of California
John Correll has 25 years mortgage lending experience.
Discover the power of working locally with a true specialist in everything related to reverse mortgages.
