Reverse

A reverse mortgage can help homeowners age 62 and older access part of their home equity while continuing to live in the home, with no required monthly mortgage payment. Most reverse mortgages are FHA-insured Home Equity Conversion Mortgages (HECMs), and every borrower completes independent HUD-approved counseling before applying. You remain the owner and stay responsible for property taxes, homeowners insurance, and upkeep. In this section I separate common myths from reality and explain how a reverse mortgage can fit into retirement and estate planning for Temecula Valley families. Learn more on my Reverse Mortgage page.