California Reverse Mortgage Services
Paul Snyder provides reverse mortgage services for seniors in California including Los Angeles County, Orange County, Riverside County, San Bernardino County, San Diego County and Ventura County. You can reach me anytime at 1-888-721-6272
Do you Qualify for a Reverse Mortgage?
If you are an adult, over the age of 62, and own a home, you may be wondering if a reverse mortgage is right for you. There is quite a bit of confusion about reverse mortgages and what a Home Equity Conversion Mortgage (HECM) is. If you are looking for more information about reverse mortgages so you can better determine whether obtaining a reverse mortgage is right for you, you’ve come to the right place!
A reverse mortgage allows seniors over the age of 62 to tap into the equity in their homes. Reverse mortgages primarily work in the opposite way – or reverse – of how a regular mortgage works. In a traditional mortgage, a lender provides the homeowner with a lump sum payment up front to meet the costs of buying a home and the homeowner then repays the lender monthly or on another agreed upon schedule while living in the home. In a reverse mortgage, on the other hand, the lender provides the homeowner with a lump sum or monthly payment, or allows them to tap into the equity in their home at their discretion (similar to a home equity loan), but the homeowner does not repay any portion of the loan until they cease to occupy the home. Homeowners retain full possession of their homes when they obtain a reverse mortgage, and the homeowner remains responsible for paying real estate taxes, homeowners’ insurance and keeping the property maintained. Once the home is sold, the homeowner or the homeowner’s estate if they are deceased, pay off the full amount owed on the reverse mortgage and then keep any additional money obtained through the sale of the home.
An HECM, also known as a Home Equity Conversion Mortgage, is a reverse mortgage loan option insured by the federal government offering senior citizens an opportunity to tap into the equity in their homes to increase their income or assets or to pay off necessary expenses. The loans are insured by HUD (the U.S. Dept of Housing and Urban Development).
I look forward to working with you and will help you decide if a reverse mortgage is right for you. You can reach me anytime at 1-888-721-6272.
This material is not from HUD or FHA and has not been approved by HUD or a government agency.
|Reverse Mortgage FAQs||Apply for a Reverse Mortgage|
We understand you may have some questions about reverse mortgages. We want to answer all of your frequently asked questions about reverse mortgages. Please call us anytime if you have any reverse mortgage questions.
We Provide Reverse Mortgages for Seniors in Los Angeles County in the Following Cities: Agoura Hills, Alhambra, Arcadia, Artesia, Avalon, Azusa, Baldwin Park, Bell, Bell Gardens, Bellflower, Beverly Hills, Bradbury, Burbank, Calabasas, Carson, Cerritos, Claremont, Commerce, Compton, Covina, Cudahy, Culver City, Diamond Bar, Downey, Duarte, El Monte, El Segundo, Gardena, Glendale, Glendora, Hawaiian Gardens, Hawthorne, Hermosa Beach, Hidden Hills, Huntington Park, Industry, Inglewood, Irwindale, La Cañada Flintridge, La Habra Heights, La Mirada, La Puente, La Verne, Lakewood, Lancaster, Lawndale, Lomita, Long Beach, Los Angeles, Lynwood, Malibu, Manhattan Beach, Maywood, Monrovia, Montebello, Monterey Park, Norwalk, Palmdale, Palos Verdes Estates, Paramount, Pasadena, Pico Rivera, Pomona, Rancho Palos Verdes, Redondo Beach, Rolling Hills, Rolling Hills Estates, Rosemead, San Dimas, San Fernando, San Gabriel, San Marino, Santa Clarita, Santa Fe Springs, Santa Monica, Sierra Madre, Signal Hill, South El Monte, South Gate, South Pasadena, Temple City, Torrance, Vernon, Walnut, West Covina, West Hollywood, Westlake Village, Whittier, Arleta, Cahuenga Pass, Canoga Park, Chatsworth, Colfax Meadows, Encino, Granada Hills, Kagel Canyon, Lake View Terrace, Lake Balboa, Mission Hills, NoHo Arts District, North Hills, North Hollywood, Northridge, Olive View, Pacoima, Panorama City, Porter Ranch, Reseda, Shadow Hills, Sherman Oaks, Studio City, Stonehurst, Sun Valley, Sunland-Tujunga, Sylmar, Tarzana, Toluca Lake, Toluca Woods, Valley Glen, Valley Village, Van Nuys, Ventura Business District, Warner Center, West Hills, West Toluca, Winnetka, Woodland Hills.
We Provide Reverse Mortgages for Seniors in Orange County in the Following Cities: Aliso Viejo, Anaheim Brea, Buena Park, Costa Mesa, Cypress, Dana Point, Fountain Valley, Fullerton, Garden Grove, Huntington Beach, Irvine, Laguna Beach, Laguna Hills, Laguna Niguel, Laguna Woods, La Habra, Lake Forest, La Palma, Los Alamitos, Mission Viejo, Newport Beach, Orange, Placentia Rancho Santa Margarita, San Clemente, San Juan Capistrano, Santa Ana, Seal Beach, Stanton, Tustin, Villa Park, Westminster, Yorba Linda.
We Provide Reverse Mortgages for Seniors in Riverside County in the Following Cities: Banning, Beaumont, Blythe, Calimesa, Canyon Lake, Cathedral City, Coachella, Corona, Desert Hot Springs, Hemet, Indian Wells, Indio, Lake Elsinore, La Quinta, Menifee, Moreno Valley, Murrieta, Norco, Palm Desert, Palm Springs, Perris, Rancho Mirage, Riverside, San Jacinto, Temecula, Wildomar.
We Provide Reverse Mortgage Services for Seniors in San Bernardino County in the Following Cities: Adelanto, Apple Valley, Barstow, Big Bear Lake, Chino, Chino Hills, Colton, Fontana, Grand Terrace, Hesperia, Highland, Loma Linda, Montclair, Needles, Ontario, Rancho Cucamonga, Redlands, Rialto, San Bernardino, Twentynine Palms, Upland, Victorville, Yucaipa, Yucca Valley.
We Provide Reverse Mortgages for Seniors in Ventura County in the Following Cities: Camarillo, Fillmore, Moorpark, Ojai, Oxnard, Port Hueneme, San Buenaventura, Santa Paula, Simi Valley, Thousand Oaks, Ventura.