Chula Vista Reverse Mortgage
Chula Vista homeowners have enjoyed incredible home appreciation in recent years. Chances are if you have been living in your home for a number of years, today you have quite of bit of equity built up in your home. If you are 55 or older you may have some exciting and flexible choices available with a reverse mortgage.
I invite you to explore this page and educate yourself on creative ways to use home equity in retirement. A reverse mortgage has worked as an excellent tool for many older homeowners in Chula Vista and all of California. John Correll has been very successful in Chula Vista assisting homeowners obtain a reverse mortgage on their homes. Give me a call and together we can take a look at what the reverse mortgage product might be able to do for you.
- John Correll, CRMP
Providing Personalized Reverse Mortgage Services in Chula Vista California
Chula Vista is a vibrant city in the south bay area of San Diego County. Chula Vista is offers a "Mediterranean Climate" as its residents and guests enjoy mild winters and warm summers. Some of the highlights include the Chula Vista Marina and Bayfront which offer amazing views and a host of recreational activities. There are a number of parks and outdoor activities including the Otay Valley Regional Park and Sweetwater Marsh National Wildlife Refuge. Chula Vista's downtown area is historic and boasts a number of charming shops and eateries. Located a short drive south of San Diego with access via a number of freeways such as the 805 and 5 and 125. Chula Vista residents can enjoy access to San Diego's attractions. Chula Vista offers a perfect blend of urban living and coastal charm.
Offering in-home reverse mortgage appointments in Chula Vista
and all of Southern California
(619) 294-9820
Reimagine Retirement: Explore What a Chula Vista Reverse Mortgage Could Offer
Providing Reverse Mortgages Across the Entire State of California
Reverse Mortgage Loan Programs in Chula Vista
Explore the many exciting home equity loan products that a reverse mortgage can offer.
Here is a highlight of some of the main reverse mortgage loan programs available.
Loan Programs Are Available Across the Entire State of California.
All Reverse Mortgage Loan Options Are Available Across the Entire Great State of California.
Chula Vista Reverse Mortgage Options
5 Highlights of a Reverse Mortgage
Here is a quick highlight of some of the things a reverse mortgage can offer some older homeowners:
Supplement Retirement Income A reverse mortgage can provide additional funds to help supplement income such as social security or pensions.
No Monthly Mortgage Payments This is probably the #1 reason older homeowners secure a reverse mortgage. Once the borrower has the reverse mortgage, the borrower is not required to make monthly mortgage payments. Instead, the loan is typically repaid when the homeowner sells the property, moves out, or passes away. This can help alleviate financial burdens for those on fixed incomes. NOTE: borrower(s) must continue to pay ongoing property taxes, homeowners insurance and home maintenance expenses plus continue to occupy the home as their primary residence for the loan to stay in good standing.
Stay in Current Home A reverse mortgage can enable seniors to stay in their home they love and enjoy the benefits of the reverse mortgage.
Flexible Payment Options Reverse mortgage borrowers have various payout options with a reverse mortgage: lump sum, monthly disbursements, line of credit or a combination of these.
Non-Recourse Loan: Reverse mortgages are "non-recourse loans" This provides protection for the borrower and estate. What this means is neither the borrower nor their heirs are personally liable for the debt. However, the home itself secures the lien and when repayment is due upon maturity if the loan balance would happen to exceed the current market value of the home at time of sale, neither the borrower or the heirs are liable for the shortfall. Conversely if the home is worth more than the loan balance at maturity, any remaining equity at time of maturity would belong to the heirs or the borrower when the home is sold and the loan repaid.
Stay in Your Chula Vista Home and Unlock Its Hidden Value: Request a Reverse Mortgage Consultation.
(888) 603-1550 - (619) 294-9820
Serving the Reverse Mortgage Needs of Chula Vista
San Diego County and All of California
