Reverse Mortgages in San Jose and Santa Clara County California
Serving the San Jose, CA area and beyond, our California Reverse Mortgage Company is your trusted partner for Reverse Mortgage solutions. We specialize in HECM and Jumbo Reverse Mortgage loans, offering expert advice and educational resources for those considering a reverse mortgage in retirement. Count on John Correll, a Certified Reverse Mortgage Professional (CRMP), who brings over 25 years of mortgage lending experience to your service.
Specialists in Reverse Mortgages and Serving San Jose
Exploring the Potential of Reverse Mortgages in San Jose and California
San Jose homeowners have seen their property values rise significantly along with most of California. If you've owned a home for a while during the surge in real estate values, you've likely built up substantial home equity. With inflation impacting everyone's lives these days, many older homeowners are now thinking about using reverse mortgages to access some of their San Jose home's wealth.
If you wish to connect with a true specialist in reverse mortgages, reach out to John Correll. He has over 25 years of experience in the mortgage industry, specializing in reverse mortgages, and has successfully assisted many in the San Jose and California communities.
For Reverse Mortgages in San Jose - Count on John Correll, CRMP
Certified Reverse Mortgage Professional
Call (888) 603-1550
Serving the Entire State of California
Request Your Personalized Reverse Mortgage Proposal
John Correll has over 25 years mortgage experience he can put to work for you or a family member.
Getting Acquainted with San Jose, California and Exploring the Case For Reverse Mortgages
San Jose, California, located in the heart of Silicon Valley, is a city known for its innovation and technology. The population of San Jose according to US Census data is around 971,000. Located in beautiful Santa Clara County, San Jose offers something for everyone. The weather boasts a pleasant climate, with lots of sunny days which makes San Jose an ideal place to enjoy outdoor activities and explore nearby attractions like the stunning Santa Cruz mountains and the scenic coastline. Whether you're interested in tech, arts, or simply soaking in the California sunshine, San Jose has it all.
8 popular attractions to visit in San Jose
- Japanese Friendship Garden: A peaceful garden with pretty flowers, fish, and a Japanese style.
- San Jose Museum of Art: A place with modern art you can look at.
- The Tech Interactive: A fun science and tech museum where you can play with cool exhibits.
- Municipal Rose Garden: A garden with lots of roses that smell nice.
- Winchester Mystery House: A spooky, old house with hidden rooms and ghost stories.
- Santana Row: A fancy place to shop and eat in.
- Rosicrucian Egyptian Museum: A place with lots of ancient Egyptian stuff.
- Alum Rock Park: The oldest park in San Jose with walking trails and pretty scenery.
Rising San Jose Real Estate Prices Open a Door to a Reverse Mortgage
If you're an older homeowner in San Jose and you have been watching the value of your home rise higher and higher with the strong real estate market in San Jose but would like a way to access some of that wealth - then it might be worth looking into a reverse mortgage. A Reverse Mortgage can allow borrowers who qualify, access to some of their home's value without selling or moving or taking on an expensive mortgage payment each month. The robust real estate market has created a unique opportunity. These loans are tailored for older homeowners and, if you meet the criteria, can enable you to use some of your home equity while staying in your house. The funds can be used for various needs, such as covering expenses or enhancing your retirement.
John Correll is a specialist in reverse mortgages at Accurate Reverse Mortgage and is here to assist. If you'd like to learn more about how a reverse mortgage might benefit you and want to explore your options, John Correll and his team are prepared to provide the information and support you need to make an informed decision about a reverse mortgage.
Please give us a call at (888) 603-1550
Reverse Mortgage Company Serving San Jose, CA
Reverse Mortgage Loan Options in San Jose and California
For those 55 and older in San Jose and all over California, we have various types of reverse mortgage loans available.
Above reverse mortgage loan products are offered by Accurate Reverse Mortgage Corp Across All of California
Unlock San Jose Home Equity Without Monthly Mortgage Payments with a Reverse Mortgage
A reverse mortgage can be a great way to access some home equity without making mortgage payments as long as the borrower continues living in their home and keeps property charges like property and homeowners insurance and maintenance costs current. Reverse mortgages have helped countless retired adults to find greater security in retirement and achieve their financial goals.
San Jose Reverse Mortgage Solutions
If you're a homeowner in San Jose, California, or anywhere else in the state, and you're seeking a smart way to improve cashflow in retirement, consider that a reverse mortgage has been a helpful solution for numerous older homeowners. It's worth looking into this option because knowledge is empowering.
What Is a Reverse Mortgage?
A reverse mortgage is a special loan that allows borrowers who qualify the ability to tap into part of their home's equity, and they don't have to repay the loan until they move out as long as they meet loan terms. With a reverse mortgage, the borrower can use some of their home's value while still living in it, as long as they continue to pay their ongoing property taxes, insurance, and upkeep plus live in the home as their primary residence. Additionally, the money they save from not making monthly mortgage payments can be used for expenses like healthcare costs, improvements or any needs.
Advantages of a Reverse Mortgage in San Jose
- Boost spendable income by supplementing social security and other income sources
- Fund home improvements and potentially raise the home's value
- Assist in handling unexpected costs
- Cover medical costs or even pay for in-home care
- Continue living in the home without the burden of monthly mortgage payments *
* (Borrower still needs to pay ongoing property taxes, homeowners insurance bills and other maintenance costs to keep the reverse mortgage loan in good standing. At lease one borrower must also continue to live in the home during the loan.)
Median Home Prices in San Jose and Santa Clara County and Jumbo Reverse Mortgages
The median home value in 2023 for Santa Clara County is over $1.8 million per California Association of Realtor data. This equity can present a real opportunity with a California Jumbo Reverse Mortgage. These types of reverse mortgages offer loan amounts of up to $4 million (exceptions as high as $6 million). For an older homeowner sitting on a tremendous amount of equity but the desire to tap into some of that wealth while they are alive and living in the home - this innovative type of reverse mortgage might be worth taking a deep dive look into.
Explore the advantages and disadvantages of a Jumbo Reverse Mortgage vs a HECM or Conventional Loan in San Jose
The Jumbo Reverse Mortgage is specifically designed for higher valued properties. John Correll has been very successful assisting many clients in Santa Clara County with Jumbo Reverse Mortgages. There are a number of advantages as well disadvantages to explore when comparison to a HECM reverse mortgage and a traditional mortgage. John can walk you through a side-by-side comparison of options including amortization schedules, closing costs and navigate the reverse mortgage paperwork and contract details. A Jumbo Reverse Mortgage can be complicated and its worth having a true specialist on your team to help answer your toughest questions.
If you are considering a reverse mortgage in San Jose - put John Correll to work for you.
John Correll, CRMP
Certified Reverse Mortgage Professional
(888) 603-1550
Why choose John Correll and Accurate Reverse Mortgage Corp.?
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.…
