Your home is your castle. Whether you built it yourself or worked 9-5 for twenty years to afford your dream home, every homeowner in California knows they have a slice of paradise. I live in Santa Cruz, CA and work with homeowners throughout Santa Cruz County as well as San Jose and the Greater Bay Area.
With a Home Equity Conversion Mortgage, you're not obligated to make a monthly mortgage payment, you're just required to maintain the home and pay insurance premiums, property taxes and any applicable HOA fees. This means the keys (and title) to your castle stay in your hands - not the banks. Designed by HUD for folks 62+, the loan proceeds go towards paying off any existing mortgage or HELOC.
With a Home Equity Conversion Mortgage, you're not obligated to make a monthly mortgage payment, you're just required to maintain the home and pay insurance premiums, property taxes and any applicable HOA fees. This means the keys (and title) to your castle stay in your hands - not the banks. Designed by HUD for folks 62+, the loan proceeds go towards paying off any existing mortgage or HELOC.
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About
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Marina brings patience, listening skills, honesty, and integrity to all of her customers. She is dedicated to educating people through regular community workshops to help people understand the Home Equity Conversion Mortgage (HECM) program as well as jumbo reverse mortgage options. Prior to her work as a reverse mortgage consultant, Marina worked in the solar industry, helping homeowners in Santa Cruz County.
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2. Be contacted about a mortgage at my phone number even if my phone number appears on a State or National Do Not Call Registry, or any other Do Not Contact List. This material is not provided by, nor was it approved by the Department of Housing & Urban Development (HUD) or by the Federal Housing Administration (FHA).
Seniors
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A Home Equity Conversion Mortgage (HECM) is the formal name of the federally-administered loan that many commonly refer to as the 'reverse mortgage' loan. The Home Equity Conversion Mortgage is administered by H.U.D. (The Department of Housing & Urban Development) and may help qualified homeowners 62 and older enhance their cash flow during retirement.
Adult Children
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Do I have the financial resources to help my parents with their medical and living expenses?. What are my parents' wishes as to staying home if medical care is needed for an extended time? Will Mom and Dad use up my inheritance? While tapping into their home's value, your parents' home may appreciate in value, which could allow for some equity to be left at the end of the loan, but not always.
Trusted Advisors
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A reverse mortgage loan is not for everyone. We can provide detailed loan scenarios to you (with your client's permission) to help reach a decision that is aligned with the interest of all parties. We are upfront with all our clients about the advantages and disadvantages of a reverse mortgage. Proceeds received from a reverse mortgage typically do not affect Social Security or Medicare.
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