Reverse Mortgages in Oceanside California
If you're a homeowner in the coastal city of Oceanside, California and want to find a way to enhance your retirement years, a reverse mortgage might be the solution you've been seeking. Nestled along the stunning Pacific coastline just north of San Diego, Oceanside offers its residents and guests a perfect blend of beachside charm and a the benefits of being close to a major urban city. This makes Oceanside an ideal place to enjoy your golden years. With a reverse mortgage in Oceanside, you may be able to tap into your home's equity to access funds to supplement your income while living in the home you love. On this page we will explore a reverse mortgage. With the allure of Oceanside's sandy shores and year-round sunshine, you may be able to elevate you California lifestyle with the peace of mind that comes with a reverse mortgage. A reverse mortgage might be able to provide you with the financial freedom to enjoy this picturesque Southern California paradise even more than you do already.
Accurate Reverse Mortgage Is a Trusted Source For Oceanside Reverse Mortgages
John Correll is a local San Diego County CRMP which stands for Certified Reverse Mortgage Professional. John has been very successful in Oceanside, having helped many clients with their reverse mortgage needs. He began his mortgage brokerage career in 1995 and continues to devote his career to empowering California residents to utilize reverse mortgages strategies. John and his team offer in-home appointments in Oceanside. So if you are looking to sit down over the dining room table and discuss what a reverse mortgage could do for you - John is a true specialist and would love have a conversation with you.
Costal Paradise in Northern San Diego County
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Explore Ways to Unlock Your Home Equity in Oceanside and California With a Reverse Mortgage
Discover the advantages of working with a local Reverse Mortgage Specialist
offering in-home appointments in Oceanside, San Diego County and much of Southern California
John Correll, CRMP
Certified Reverse Mortgage Professional
Serving the Reverse Mortgage Needs of the Entire State of California
Oceanside, California, is a beautiful coastal city in Southern California. The population in 2020 is 174,000 per the US Census Bureau. Oceanside has stunning beaches, great weather all year round, and a friendly community. Residents here love to surf, walk along the historic Oceanside Pier, and enjoy delicious seafood at the harbor. Oceanside also has a rich history, with landmarks like the Mission San Luis Rey and a strong military presence at Camp Pendleton. With its relaxed Southern California vibe, cultural offerings, and outdoor activities, Oceanside is a wonderful place to live and visit along the California coast.
Here are six things to see and do in Oceanside:
- Oceanside Pier: One of the city's most iconic landmarks, Oceanside Pier is a must-visit. Visitors can take a leisurely stroll along the pier, enjoy panoramic views of the Pacific Ocean, and maybe even try your hand at fishing. There are also restaurants and shops nearby.
- Oceanside Harbor: Explore the stunning Oceanside Harbor, where you can watch boats come and go, rent paddleboards or kayaks, and even take a harbor tour. The harbor area also features restaurants, shops, and a charming village atmosphere.
- Oceanside Beaches: Oceanside's beautiful sandy beaches are perfect for swimming, sunbathing, and beachcombing. The beaches here are known for their surf culture, so you can try your hand at surfing or simply watch the surfers catch waves.
- Mission San Luis Rey: Visit Mission San Luis Rey, a historic Spanish mission dating back to 1798. Explore the museum and gardens to learn about the history and culture of the region. The mission often hosts events and exhibits.
- Oceanside Museum of Art: If you're interested in art you may want to visit the Oceanside Museum of Art. It features a diverse collection of contemporary and traditional art, including works by local artists. Check their website for rotating exhibitions and events.
- California Surf Museum: Learn about the history and influence of surfing in California at the California Surf Museum. This museum showcases a variety of surf-related artifacts, memorabilia, and exhibits that highlight the sport's evolution over the years.
Reverse Mortgages Find Favor in Oceanside's Booming Housing Market
In Oceanside, where home prices have been on a steady on the rise in the past decade, there's a unique opportunity for older homeowners. A reverse mortgage can be a solution to help tap into part of that new home equity. These loans are specially designed for older homeowners who want to access some of their home's value while still retaining ownership and residency.
With home prices going up, it's an ideal time for residents of Oceanside to explore the benefits of reverse mortgages. Funds from the reverse mortgage can be used for various purposes, whether it's to cover essential living expenses, pay for home renovations, cover medical or caregiving expenses, allow for travel or simply to enhance a retirement lifestyle.
John Correll, a local CRMP at Accurate Reverse Mortgage, specializes in reverse mortgages and understands the unique opportunities presented by todays home prices in Oceanside and all of California. He's dedicated to helping homeowners make learn about how reverse mortgages work so they can make a well-informed decisions about their own financial futures and the role home equity might play. John offers the convenience of in-home appointments to residents in Oceanside and throughout much of Southern California.
If you're curious about how a reverse mortgage could benefit you or wish to explore your options including a customized quote, we encourage you to reach out to us at (619) 294-9820 or (888) 603-1550. John Correll and his team are here to provide the guidance and information you need as you consider a reverse mortgage and everything they might offer you.
Reverse Mortgage Oceanside
Ten Potential Benefits of an Oceanside Reverse Mortgage
- Supplemental retirement income: A reverse mortgage can provide the borrower with additional funds which can allow them to cover daily expenses or enjoy a more comfortable retirement.
- No monthly mortgage payments: Unlike a traditional mortgage, with a reverse mortgage, the borrower is not required to make monthly repayments. The loan is typically repaid when the homeowner moves out of the home or passes away. (For the loan to stay in good standing and require no monthly payments - the borrower(s) must continue to occupy the home as primary residence plus pay and keep current ongoing property taxes, homeowners insurance plus home maintenance expenses.)
- Flexible ways to access funds: Reverse mortgage borrowers can receive the loan proceeds in various ways, such as a lump sum, a line of credit, fixed monthly payments, or a combination of these options, depending on their preferences and financial needs.
- Stay in your home: As long as the borrower continues to meet the loan requirements (occupy home plus maintain the property and pay ongoing property taxes and homeowner's insurance bill), then the last borrower can live in their home with all the benefits, safety and protections of the reverse mortgage.
- Protection against falling home values: A reverse mortgage is a non-recourse loan, which means that the borrower or their heirs will never owe more than the home's value at the time of repayment, even if the home's value declines.
- No effect on Social Security and Medicare benefits: Funds received from a reverse mortgage are not considered taxable income and do not typically affect Social Security or Medicare benefits. It is important to note that, needs-based benefits like Medi-CAL could be impacted as they have asset requirements, so it's essential to consult a financial advisor who can guide reverse mortgage to have a successful experience with the reverse mortgage while on such benefits.
- Financial flexibility: Borrowers can use the funds from a reverse mortgage any way they want. Examples include consolidating other debt balances to lower monthly expenses, covering medical expenses, financing home improvements, or helping family members.
- No risk of losing the home due to decline in home value: As long as the borrower meets the loan terms (living in the home as their primary residence, paying property taxes & homeowner's insurance plus keeping the home in good condition), they won't be at risk of losing the home, regardless of the loan balance - even if it exceeds the current market value of their home.
- No personal liability: Since a reverse mortgage is a non-recourse loan, neither the borrower nor their heirs are personally liable for repayment beyond the home's value.
- Peace of mind: For some seniors, knowing they have access to additional funds and a place to live without the burden of monthly mortgage payments can provide peace of mind and financial security during retirement.
Discover What a Reverse Mortgage in Oceanside and California Might Look Like For You
John Correll has over 25 years mortgage lending experience
and is committed to delivering his clients high levels of service
in everything related to reverse mortgages.
A+ experience working with John. He's very thorough and great to work with. He came out to our house and explained everything clearly. Always available to answer questions and quickly... read more
John has helped my mother with her reverse mortgage needs and has done an excellent job. He is very respectable, kind, takes time to explain procedures and policies, and... read more
Just to let everyone know that I have been communicating with a John Correll, CRMP for many years. I am a home owner and I have been re-financed for my... read more
We have done three reverse mortgages with John Correll and couldn't be more pleased! He is so easy to work with, explains everything in detail so there are... read more
We have referred John several clients of ours. I get nothing but great feedback from all of them. He is extremely knowledgeable when it comes to reverse mortgages and holds... read more
John is extremely knowledgeable when it comes to reverse mortage. He is friendly and kind full of patience especially when there is someone who like to ask a lot of... read more
John is the greatest - full confidence in him never worried about anything and he kept me informed the whole way
I had the pleasure of working with John for the entire Reverse Mortgage process. He was great, very informative, helpful and personable. He kept me updated through every... read more
John Correll at Lineage Lending did our first reverse mortgage in 2018 and handled a refinancing of it in November, 2021. He is totally honest, trustworthy and well organized.... read more
Want a Reverse Mortgage? The best thing you can do for yourself is call John. We just finished a RM refi and he was on top of it every step... read more
A personal service lender instead of the large, out of the area firms that work by committee with o defined single point of contact. Better, more complete answers, tailored... read more
John Correll Reverse Mortgage Specialist (Lineage Lending, Reverse Loans) is professional, the most honest person I could met in my whole life. He offered me the best... read more