Coronado Reverse Mortgages
We proudly serve Coronado and all of California, specializing in providing individualized reverse mortgage solutions as a leading local reverse mortgage company in San Diego County. If you are looking for a true specialist in reverse mortgages, John Correll has over 25 years mortgage experience and holds the designation of CRMP which stands for Certified Reverse Mortgage Professional.
Financial Peace of Mind: The Role of Reverse Mortgages in Coronado and California
Property values in Coronado, California have seen a significant upswing in recent years which has created for many homeowners the potential for substantial home equity. If you've been a homeowner in any part of California for an extended period, there is a good shot that you may be sitting on a valuable asset: wealth in the form of home equity. As inflation impacts various facets of life particularly those in retirement, more older homeowners are turning to reverse mortgages as a way to tap into a portion of the wealth tied up in their Coronado properties. If you're searching for an experienced specialist in reverse mortgage strategies, we encourage you to connect with John Correll. Unlike many of the big lenders which are out of the state or area, we are local in San Diego which makes it easy to start a meaningful conversation. John Correll, a seasoned veteran with over 25 years of experience in the mortgage industry, has dedicated his career exclusively to reverse mortgages and has enjoyed remarkable success in Coronado. We encourage you to reach out for a phone consultation or even schedule an in-home meeting at your convenience.
Ready to Explore Reverse Mortgages in Coronado and California? Meet John Correll.
Over 25 years mortgage experience.
Call or text today to get started: (619) 294-9820
San Diego's Local Reverse Mortgage Company, Your Statewide Solution in California
Want to Find Out How a Reverse Mortgage Might Work For You?
About Coronado California
Coronado, California, is a coastal city situated across the San Diego Bay from downtown San Diego. The population according to 2020 census data is around 18,700. This small but charming island city is world famous for its beaches, boasting miles of soft, golden sands that offer a beautiful backdrop to the waters of the Pacific Ocean. One of its most iconic landmarks, the historic Hotel del Coronado, has welcomed celebrities and notable guests from around the world. Besides its stunning coastline, Coronado features tree-lined streets, friendly neighborhoods, and a vibrant local community. Residents and visitors alike enjoy a wealth of recreational opportunities, including cycling, golfing, and a variety of water sports. Coronado offers a unique coastal lifestyle with easy access to the cultural and entertainment offerings of the nearby San Diego metropolitan area.
8 attractions to see and experience in Coronado, California:
- Coronado Beach: Visit the famous Coronado Beach, often ranked as one of the best in the United States, to relax, swim, surf, or take a leisurely stroll along the shore.
- Hotel del Coronado: Explore the historic and luxurious Hotel del Coronado, an architectural masterpiece with a rich history, stunning beachfront views, and exquisite dining options.
- Coronado Ferry Landing: Enjoy shopping, dining, and picturesque views of the San Diego skyline at the Coronado Ferry Landing, a vibrant waterfront marketplace.
- Coronado Bridge: As you drive on and off the island of Coronado, visitors can take in the stunning views of the San Diego Bay and skyline while crossing the iconic Coronado Bridge, especially beautiful during sunset.
- Coronado Historic District: Walk or bike through the charming Coronado Historic District, known for its beautiful homes, gardens, and tree-lined streets.
- Coronado Municipal Golf Course: Play a round of golf at the Coronado Municipal Golf Course, a scenic 18-hole course with views of the bay and the bridge.
- Coronado Tidelands Park: Enjoy outdoor activities, picnicking, or simply relaxing by the water at Coronado Tidelands Park, which offers bayfront views and a playground.
- Spreckels Park: Attend a local event or simply unwind in the serene Spreckels Park, a beautiful green space in the heart of Coronado.
Strong Real Estate Prices Create an Opportunity for Home Equity Solutions With a Reverse Mortgage in Coronado
In Coronado, the real estate market and high property values offer an opportunity for older homeowners who would like to tap into a portion of their home equity via a reverse mortgage. These specialized financial products cater specifically to older homeowners and offer some unique features that only a reverse mortgage can offer. Proceeds from a reverse mortgage can be used for any purpose, including meeting essential obligations including hiring a caregiver, funding remodeling projects, taking dream vacations or new hobbies and enhancing one's overall retirement lifestyle.
Coronado residents have a unique opportunity to explore the benefits of reverse mortgages including the "proprietary" or "jumbo" reverse mortgages designed to unlock larger amounts of equity - with loan amounts up to $4 million. John Correll at Accurate Reverse Mortgage and takes great pride in his role as a dedicated specialist in reverse mortgages. He offers the convenience of in-home consultations to residents in Coronado and throughout Southern California.
If you're interested in gaining a deeper understanding of how a reverse mortgage could work for you or wish to explore your options, we encourage you to get in touch with us at (619) 294-9820 or (888) 603-1550. John Correll and his team are ready to provide the guidance and information you require to assess the suitability of a reverse mortgage for your unique circumstances.
Navigating Coronado's Real Estate Landscape: Reverse Mortgage Loan Programs in California
If you're 55 or older and own a home in Coronado or anywhere in California, you may have options with a reverse mortgage and home equity. Accurate Reverse Mortgage Corp. in San Diego County originates reverse mortgages for seniors all over California. Explore our website to learn about our different reverse mortgage programs.
Whether you're in Northern or Southern California, these reverse mortgage loan choices are accessible statewide.
Unlock Financial Freedom with a Reverse Mortgage in Coronado, CA
Whether you own a home in Coronado, California, or anywhere else in the state, if you're looking for a financial strategy to enhance your retirement, a reverse mortgage might be worth considering. It's specifically designed for older homeowners and todays reverse mortgage offers some compelling choices for higher valued homes across California to capture some of the opportunities that have come with the surge in real estate values over the past decade.
Eight reasons to explore a jumbo reverse mortgage in Coronado and California
- High-Value Property: For owners of a high-value home that exceeds the FHA HECM lending limit, a jumbo reverse mortgage can provide access to a larger portion of the home's equity.
- Financial Flexibility: Jumbo reverse mortgages offer flexibility in how to receive funds, including lump sums or a line of credit.
- Supplement Retirement Income: A jumbo reverse mortgage can be an effective way to supplement retirement income, covering expenses or funding a comfortable lifestyle.
- Estate Planning: By using a jumbo reverse mortgage, the borrower can coordinate with their estate or financial advisors to help manage their estate or retirement goals more effectively, potentially preserving other assets or investments for their heirs. *not financial advice - borrower should consult their own financial advisor.
- Home Upgrades: Accessing part of the home equity through a jumbo reverse mortgage can finance home improvements, making the property more comfortable and valuable.
- Debt Consolidation: Use the proceeds from a jumbo reverse mortgage to consolidate other existing debts into the reverse mortgage, potentially reducing monthly financial burdens and improve cashflow.
- Healthcare Costs: Cover medical expenses, including long-term care, by tapping into part of the home equity through a jumbo reverse mortgage.
- Real Estate Investment: Invest in additional real estate properties or opportunities, potentially diversifying one's investment portfolio. Another option is to gift funds to kids or grandkids to help them buy their own home.
Ready to have a conversation about your retirement goals and what a reverse mortgage may be able to do for you?
John Correll, CRMP
Certified Reverse Mortgage Professional
Call or Text: (619) 294-9820
Toll Free: (888) 603-1550
Offering in-home appointments in Coronado, San Diego County and parts of Southern California