Reverse Mortgage Company Serving La Mesa and Beyond
We are a local reverse mortgage company serving La Mesa California and beyond. We exclusively handle reverse mortgages, priding ourselves on specialized expertise to provide personalized solutions in La Mesa, San Diego County and all of California.
With more than 25 years in mortgage origination, John Correll is your go-to expert for reverse mortgages. His CRMP designation underscores his commitment to excellence in this field of reverse mortgages.
Reverse Mortgages Are Our Specialty
Exploring What La Mesa California Homeowners Should Know About Reverse Mortgages
In La Mesa, California, rising property values have led to substantial home equity potential for long-term homeowners. This home equity wealth has become crucial, especially amid widespread inflation. For retirees, tapping into home wealth through a reverse mortgage is a popular option. If you're seeking expertise in reverse mortgages, consider reaching out to John Correll. Unlike large lenders with impersonal call centers, we're locally based in Southern California and offer in-home appointments in La Mesa, San Diego County and much of Southern California. We help simply the complex world of reverse mortgages and concepts and can addresses your toughest questions with ease.. Give as a call today - (619) 294-9820
Find Out What a Reverse Mortgage in La Mesa or California Might Offer You
La Mesa Reverse Mortgage
Envision utilizing a portion of your home equity as a versatile financial asset for retirement now. If you're 55 or older, own your primary residence in La Mesa or anywhere in California, and meet specific qualifications, a reverse mortgage could facilitate this opportunity.
Tap into Home Equity While Remaining in Your Current Home
A Home Equity Conversion Mortgage, commonly known as a reverse mortgage, can enable some older homeowner's the ability borrow using some of their home's equity, similar to a traditional mortgage in La Mesa, yet with distinct features specific to reverse mortgages.
La Mesa and California Reverse Mortgage Eligibility Criteria
Just like other mortgage products, a reverse mortgage has specific qualifications:
- Minimum Age: At least one borrower must be 55 or older (62 for a HECM).
- Primary Residence: The property must be the primary residence, and at least one borrower must live there.
- First Mortgage Position: The reverse mortgage must be the in the first mortgage lien position, either by paying off and refinancing the home's existing mortgage into the reverse mortgage or the home must be owned outright.
- Flexible Financial Assessment: As part of the underwriting process, the lender will assess the borrower's ability to cover property taxes, insurance, and maintenance plus your other existing expenses. In general a reverse mortgage is easier to qualify for than a traditional mortgage with commonsense underwriting.
- Federal Debt: No delinquencies on federal debt or they must be paid off thru closing.
- Property Eligibility: Owner Occupied Home. Single family, 2-4 unit homes occupied by the borrower, PUD (planned unit development) single family homes, some condos and some manufactured homes may qualify.
- Counseling to Educate and Provide Safeguards: Each borrower must have a counseling conversation session with a HUD-approved counselor to obtain a reverse mortgage. This can be done by phone or in person.
Your Guide to Reverse Mortgage Selections in California: Navigating La Mesa's Home Equity
For those aged 55 and above, homeownership in La Mesa or anywhere in California might open up possibilities with a reverse mortgage as a tool to access some of your home equity. Accurate Reverse Mortgage Corp., based locally in San Diego County, specializes in originating reverse mortgages for seniors across in La Mesa as well as across the state of California.
Accurate Reverse Mortgage offers the above loan options statewide across all of California.
About La Mesa California
La Mesa is a beautiful city in San Diego County in Southern California. With a population of around 60,000 per US census data, La Mesa is a thriving Southern California city with a lot to offer. Located in East County, La Mesa has amazing landscape, mild weather and a blend of urban and suburban lifestyle options.
Five Places to Visit in La Mesa, California
- Lake Murray: Experience outdoor recreation with hiking, biking, and boating against the backdrop of a scenic reservoir.
- La Mesa Village: Explore charming boutiques, eateries, and local art in this vibrant downtown district.
- Mount Helix Park: Enjoy panoramic views of San Diego from this prominent summit adorned with a historic amphitheater.
- Harry Griffen Park: Unwind in this spacious park featuring playgrounds, sports facilities, and tranquil picnic spots.
- Grossmont Center: Shop, dine, and catch a movie at this bustling shopping mall offering a diverse range of entertainment options.
La Mesa's booming real estate market offers a chance to explore reverse mortgage options for tapping into home equity
In La Mesa, CA, strong property values present an opportunity for older homeowners to access a portion of their home equity through reverse mortgages tailored for them. These loans can fulfill various needs, from home improvements to retirement enhancements. Residents can explore options, including "proprietary" or "jumbo" loans for larger equity access. John Correll at Accurate Reverse Mortgage specializes in these, offering in-home consultations for convenience. Curious? Contact us at (619) 294-9820 or (888) 603-1550 for guidance on whether a reverse mortgage suits you.
Local Reverse Mortgage Company Serving La Mesa
Helpful Resources for California Homeowners Interested in Reverse Mortgages
Expand Your Understanding of California Reverse Mortgages with These Additional Reading Materials.
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Strategies to Supplement Income With a California Reverse Mortgage
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Long-term Care and In-Home Care Using a Reverse Mortgage in California
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What is a Reverse Mortgage Line-of-Credit and How Does It Work in California?
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How Do Interest Rates in California Impact a Reverse Mortgage?
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What Are the Steps To Apply For a Reverse Mortgage in California?
Ten Potential Benefits of Reverse Mortgages that California Homeowners Should Know About
Explore the potential benefits of reverse mortgages for California homeowners in this article. Learn how these financial solutions can enhance retirement plans, offering tax-free proceeds and the retention of property ownership, among other advantages.
Choosing the Right Reverse Mortgage Lender or Broker in California
This article reviews some of the key factors in selecting a reverse mortgage lender or broker in California. This guide simplifies the process, explaining what to consider when choosing a company to work with on a reverse mortgage from the loan officer, lender vs broker and what to look out for and avoid. Written from the prospective of a CRMP which stands for Certified Reverse Mortgage Professional.
Inflation in California and the Role of Reverse Mortgages
This article will explore ways a Reverse Mortgage in California may help combat the rising costs associated with inflation. Presented by John Correll, CRMP certified reverse mortgage professional in California.
Getting a Reverse Mortgage in California? Things to Consider
presented by John Correll, CRMP – Certified Reverse Mortgage Professional in California Are You Considering a Reverse Mortgage in California? Essential Things to Keep in Mind For many older residents in California, considering a reverse mortgage can be a smart financial move. With the state’s high living costs, funding retirement can be tough. A…
Using a Reverse Mortgage Line of Credit for In-Home Care in California: A Simple Guide and Strategy
Using a Reverse Mortgage Line of Credit to Cover Homecare or Long-Term Care Expenses in San Diego and California Introduction As we age, planning for in-home care becomes more important, especially in a state like California where everything is expensive. A strategy that has worked well for many older homeowners is a reverse mortgage line of credit.…
Want to know if a reverse mortgage suits your retirement goals?
Let's have a conversation about ways to use home equity in retirement.
John Correll, CRMP
Certified Reverse Mortgage Professional
(619) 294-9820
Offering in-home appointments in La Mesa and parts of Southern California
(serving the entire state of California)
