Jumbo Reverse Mortgages in San Diego and California
With some of the highest home values in the country - many older California and San Diego homeowner's have turned to one of the most innovative and powerful home equity products on the market.
Innovative Home Equity Solutions with Jumbo Reverse Mortgages in San Diego and California
Unlock Substantial Equity with a Jumbo Reverse Mortgage in San Diego and all of California
Learn how you may be able to access some of your home's potential and the wealth in your high-value property with the Jumbo Reverse Mortgage, a powerful retirement planning tool.
Introducing the Jumbo Reverse Mortgage
with loan amounts up to $4 million
The Jumbo Reverse Mortgage provides an excellent opportunity for clients aged 55 or older who own properties valued at $1 million or more to access a larger portion of their home equity. Similar to a traditional Jumbo Mortgage, this specialized financial product allows homeowners to tap into their home's value, potentially providing them with a significant source of funds for retirement. By unlocking more of their home equity, individuals can secure a more comfortable and financially stable retirement while still retaining control over their other productive assets. This flexibility enables homeowners to make strategic decisions about their investments while leveraging their valuable property to enhance their retirement planning.
Accurate Reverse Mortgage is your trusted local resource in San Diego for all your Jumbo Reverse Mortgage needs.
Our team specializes in providing accurate and reliable information, personalized guidance, and exceptional service to homeowners seeking to explore the benefits of a Jumbo Reverse Mortgage. Whether you have questions about eligibility, loan amounts, repayment options, or any other aspect of the Jumbo Reverse Mortgage, we are here to provide you with the knowledge and support you need to make informed decisions about your retirement planning. Contact Accurate Reverse Mortgage today and let us help you unlock the potential of your high-value property.
Jumbo Reverse Mortgage Highlights:
- No mortgage insurance premiums
- Stable fixed rate choices available
- Dynamic Line-of-Credit option - NEW!
- Condos do not require FHA approval (condos over $500k)
- Loan limits are significantly higher than a HECM allows
- No required monthly mortgage payments *
- Proceeds are tax-free ***
- Minimum borrower age 55
*A reverse mortgage does not have a required monthly mortgage payment, however the borrower must meet all loan obligations, including living in the property as the principal residence and paying property charges, including property taxes, and homeowner's insurance. The borrower must maintain the home. If the homeowner does not meet these loan obligations, then the loan will need to be repaid.
Now proudly offering a Jumbo Reverse Mortgage
with a Dynamic Line-of-Credit
Receive funds desired at closing and place the remaining portion in a line-of-credit that can be accessed as needed in the future.**
A San Diego Jumbo Reverse Mortgage Loan could provide you the extra funds to remain living in the home you love longer
Possible ways to use funds from a Jumbo Reverse Mortgage in California:
- Fund home improvement projects
- Replace cash reserves
- Cover the cost of medical or in-home care expenses
- Eliminate monthly payments on auto loans or credit cards
- Setup an emergency fund for future needs
- No capital gains tax ****
Southern California's Senior Home Equity Specialists: Your Trusted Resource for Jumbo Reverse Mortgages and More.
Jumbo Reverse Mortgage Loans San Diego California
Are you curious if you qualify and how much of your home's equity you may be eligible to access with a Jumbo Reverse?
Call Today (619) 294-9820 or (888) 603-1550
- In-home appointments available in San Diego County and all of Southern California
- Work directly with a CRMP (Certified Reverse Mortgage Professional)
- Over 25 years lending experience with very high client satisfaction
- Strong commitment to education so you get your questions answered
- Explore both the pro's and con's of a reverse mortgage
John Correll, CRMP
Certified Reverse Mortgage Professional
NMLS # 1004396 CA-BRE # 01353015
(619) 294-9820 | (888) 603-1550
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Experience the Difference: Select a Certified Reverse Mortgage Professional (CRMP) Recognized by the National Reverse Mortgage Lenders Association (NRMLA) - Your Assurance of Unparalleled Industry Knowledge and Expertise.
"Allow me to put that expertise to work for you and your family."
- John Correll, CRMP
Jumbo Reverse Mortgage Loans San Diego California
*The borrower must meet all loan obligations, including living in the property as the principal residence and paying property charges, including property taxes, fees, hazard insurance. The borrower must maintain the home. If the homeowner does not meet these loan obligations, then the loan will need to be repaid. **The line-of-credit has a 10 year draw period and requires a min borrower age of 62. **Not tax advice. Consult a tax professional. ****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 your loan is in good standing.
