Escondido Reverse Mortgages
We are a local reverse mortgage company located in San Diego County.
We specialize in delivering personalized reverse mortgage services in Escondido as well as all of California.
Empower Your Retirement:
Explore the Benefits of a Reverse Mortgage in Escondido
Homeowners in Escondido, California have experienced significant appreciation in their home values in the past few years and decade. If you are an older homeowner that has owned your home for a number of years, chances are that you may be sitting on significant equity in your home. With inflation everywhere these days, many people have turned to a reverse mortgage to unlock a portion of the home’s wealth in their Escondido home. If you are looking for a true specialist in ways to utilize a reverse mortgage, we encourage to reach out and give us a call. We are local in San Diego and would love to have a conversation with you.
Give us a call today: (619) 294-9820 – Your Local Escondido Reverse Mortgage Specialists
About Escondido California
Located in north county San Diego, Escondido boasts beautiful Southern California landscapes. With a population of around 150,000, Escondido stands as a small but vibrant city with a unique blend of natural beauty and urban charm. Surrounded by majestic hills and the shores of Lake Hodges, Escondido offers something for outdoor enthusiasts and nature lovers. For the city urbanist, Escondido’s rich cultural tapestry is woven with a diverse array of museums, art galleries, and cultural festivals, showcasing its history and creative spirit. Escondido is also home to the world famous San Diego Zoo Safari Park.
Downtown Escondido offers a bustling city center area, filled with local shops, restaurants, and entertainment venues. Outer areas offer vineyards and wineries that dot the landscape. There is something for visitors and residents alike. With its convenient location and a quick drive down the 15, one can enjoy all that the city of San Diego has to offer and its coastal attractions.
The real estate market and home values in Escondido offer a special way for older homeowner’s to access a portion of the wealth in their home equity with a reverse mortgage. Reverse mortgages are a specialized loan choice for older homeowners aiming to access part of their home’s value while still owning it and living in it. Proceeds can be used for important needs, exciting new experiences, or simply improving their lifestyle during retirement. In Escondido, people have the chance to learn about the benefits of reverse mortgages and make well-informed decisions that match their long-term plans. John Correll at Accurate Reverse Mortgage prides himself in being a “true specialist” in reverse mortgages and offers in-home appointments in Escondido and Southern California. If you are looking to educate yourself about what a reverse mortgage might do, we invite you to give us a call. (619) 294-9820 or (888) 603-1550.
Reverse Mortgage Loan Programs in Escondido and California
If you are an older homeowner in Escondido or anywhere in the state of California, there are a number of dynamic loan options to explore. Accurate Reverse Mortgage Corp. is a Reverse Mortgage Company located in San Diego County. We are licensed to serve the reverse mortgage needs of the entire State of California. These Pages Map Out the Various Loan Programs We Offer.
HECM Home Equity Conversion Mortgage – Reverse Mortgage in Escondido Caliornia
This is the most popular and widespread type of reverse mortgage. On this page you can learn About the HECM – Home Equity Conversion Mortgage.
Escondido Reverse Mortgage Line of Credit
If funds are not needed at the time of closing, there is a option called a line-of-credit. Learn more about this dynamic and flexible way to receive funds as needed at a point in the future, while holding the loan balance lower upfront.
Purchase a Home Using a Reverse Mortgage in Escondido
There is a version of the reverse mortgage which can be used as a home buying tool. Similar to purchasing a home with a traditional mortgage, but with some benefits that only a reverse mortgage can offer. Learn about Reverse For Purchase on this page.
Escondido Jumbo Reverse Mortgage Loan Option
California and Escondido have a significant number of higher valued homes which exceed HUDS lending limit for the FHA-insured HECM reverse mortgage. This page will dive deeper into the Jumbo Reverse Mortgage which offers loan amounts up to $4 million.
All of the above reverse mortgage loan products and options are available statewide across all of California.
6 Smart Uses for a Reverse Mortgage in Escondido, California
Supplementing Retirement Income: Seniors in Escondido can use a reverse mortgage to supplement their retirement income, helping cover living expenses, medical costs, and other day-to-day necessities.
Home Renovations or Repairs: Reverse mortgage funds can be used to make necessary home renovations, repairs, or improvements that can enhance the homeowner’s quality of life and increase the value of the property.
Lower Monthly Payments on Debts: Homeowners can use the proceeds from a reverse mortgage to payoff and consolidate into the new reverse mortgage some of their existing debts, such as credit card debt or medical bills. NOTE: While a reverse mortgage has no monthly mortgage payment, the borrower does need to still pay their property taxes, homeowners insurance bills as well as other maintenance expenses of the home – plus occupy the home as their primary residence.
Long-Term Care Expenses: A reverse mortgage can help cover the costs associated with long-term care, including in-home care or assistance, allowing seniors to “age in place” more comfortably in the home they love.
Travel or Leisure Activities: Some borrowers may choose to use the funds to fulfill travel dreams or pay for costs of leisure activities or hobbies.
Estate Planning and Gifting: Reverse mortgage funds can be used to establish an estate plan, set up trusts, or make gifts to family members or loved ones during the homeowner’s lifetime.
Let’s have a conversation about your specific goals
and ways to unlock your California home equity with a Reverse Mortgage.
(888) 603-1550 – (619) 294-9820
Why choose John Correll and Accurate Reverse Mortgage Corp.?
Experience the CRMP Difference
As a Certified Reverse Mortgage Professional (CRMP), I personally have committed myself exclusively to reverse mortgages and delivering an exceptional experience to every client.
San Diego Reverse Mortgage Company
John Correll is proud to serve the San Diego area and all of California. If you are looking to educate yourself on reverse mortgages, I’m here to help explore this dynamic loan choice tailored for older homeowners.
Over 25 Years Mortgage Experience
John Correll, CRMP began his mortgage lending career in 1995 and has a wealth of experience to help explain what can seem to be a complex home equity product in simple and easy to understand terms.