What Is a Reverse Mortgage?

A reverse mortgage is a home loan designed for homeowners age 62 and older that allows you to convert a portion of your home's equity into accessible funds — without having to sell your home or make monthly mortgage payments.

Instead of paying the bank each month, a reverse mortgage allows the equity you've built over time to work for you.

You continue to:

• Own your home
• Live in your home
• Stay in control of your financial decisions

The loan is repaid only when the home is sold, no longer used as a primary residence, or upon the homeowner's passing.

 Who Typically Benefits From a Reverse Mortgage?

A reverse mortgage may be a good fit if you:

• Are 62 or older
• Own your California home (or have significant equity)
• Want to supplement retirement income
• Want to pay off an existing mortgage
• Prefer flexibility without monthly mortgage payments
• Plan to remain in your home long-term

Every homeowner's situation is unique. My role is to help you understand whether a reverse mortgage fits your goals — not to push a one-size-fits-all solution.