Reverse Mortgages
Your home worked hard. Now it pays you.
For homeowners 62+, a reverse mortgage converts home equity into tax-free cash flow, a lump sum, monthly payments, or a growing line of credit, with no monthly mortgage payment required.
Who this is for
Is this your loan?
Homeowners 62+ with substantial equity who want retirement cash flow, a paid-off safety net, or an end to their current mortgage payment.
Not sure? That's what we're here for. We price every eligible program against this one, so the comparison is done for you.
What a reverse mortgage actually is
A reverse mortgage, most commonly the FHA-insured HECM, lets homeowners 62 and older borrow against their equity without making monthly mortgage payments. Instead of you paying the loan down, the loan balance grows over time and is settled when you sell, move out permanently, or pass away. You remain the owner. You stay in your home. You keep responsibility for taxes, insurance, and upkeep, and beyond that, the payment pressure of a traditional mortgage simply ends.
Ways SoCal seniors use it well
- Retiring an existing mortgage. The most common move: pay off the current loan with the reverse, and the required monthly payment disappears from the budget.
- A growing line of credit. The unused HECM credit line grows over time, a longevity hedge that many financial planners consider genuinely clever.
- Monthly income. Structure proceeds as tenure payments, steady cash flow that supplements Social Security for as long as you live in the home.
- Aging in place. Fund the bathroom remodel, the ramp, the in-home care that keeps the house you love workable for the decades ahead.
The protections, and our promise
Modern reverse mortgages are heavily consumer-protected: mandatory independent HUD counseling before you can proceed, non-recourse terms meaning neither you nor your heirs ever owe more than the home's value, and spousal protections for a non-borrowing husband or wife. Heirs keep every option: sell and keep remaining equity, or refinance and keep the home.
Our promise on top: this is a family decision, and we treat it like one. We'll happily walk through the numbers with your adult children or financial advisor on the call, in plain language, with zero pressure. If a HELOC or downsizing serves you better, that's what we'll recommend.
Reverse Mortgages FAQs
Asked constantly. Answered honestly.
Do I still own my home with a reverse mortgage?
Yes. Title stays in your name, exactly like any mortgage. You must live in the home as your primary residence and keep up property taxes, insurance, and maintenance. The bank does not "take the house."
What happens to my heirs?
The loan is non-recourse: heirs settle it by selling the home and keeping any remaining equity, or by refinancing the balance to keep the property, and they never owe more than the home is worth. We encourage bringing family into the conversation early, and we will join that call.
How much can I access?
It depends on your age, current interest rates, and your home value. Older borrowers with more equity access larger percentages. Proceeds first retire any existing mortgage; the rest is yours as lump sum, credit line, monthly payments, or a mix.
Is reverse mortgage income taxable?
Loan proceeds are generally not taxable income, and typically do not affect Social Security or Medicare (needs-based benefits like Medi-Cal can be affected by held balances). Confirm specifics with your tax advisor. We will gladly loop them in.
Why is counseling required?
Every HECM requires a session with an independent HUD-approved counselor before you can apply. We think that is exactly right for this product: it guarantees an educated decision with no salesperson in the room, and good lenders welcome it.
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