Fountain Valley Reverse Mortgages

Thank you for visiting.  You must be looking for some information on reverse mortgages in Fountain Valley, California. My name is Deborah Nance and I have worked exclusively as a Reverse Mortgage Specialist here in Southern California since 2005, helping homeowners in Fountain Valley, Huntington Beach and Westminster. I grew up in Fountain Valley and graduated from FVHS in 1974. Remember the drive in on Brookhurst? I lived right across the street!

I hope you will take some time to look around the links provided to gather some practical information on this unique home loan. Then, I would love to meet with you to discuss whether or not a it is a solution for your needs. I’m a big fan of reverse mortgages BUT they are not always the best solution.

There are really just two ways to get cash from your home. You could sell and move - or you could borrow against your home. If you move there are costs (Realtor® commission & settlement fees). If you borrowed against your home, you again have costs AND now have to make monthly loan payments for 10,15 or even 30 years.

There is another way of getting money from your home that does not require you to move or to make mortgage payments. It’s called a Reverse Mortgage. To be eligible you must own your home and be 62 years of age.

A “reverse” mortgage is a loan against your home that you do not have to pay back for as long as you live there. With this mortgage, you can turn a portion of the value of your home into cash without having to move or to repay a loan each month. The cash you get from a reverse mortgage can be paid to you in several ways:

• Lump Sum - You receive all funds at closing
• Line of Credit - All available funds are in a credit-line account that you can withdraw from as needed
• Tenure Payments - These are monthly payments TO YOU for as long as you live in the home.
• Combination - You can assign portions of your available funds into any or all of the above methods.

Although, there are no mortgage payments required on a reverse mortgage.  You still have obligations just as in any mortgage. They are:

• Occupy the home as your principal residence.
• Keep your home insured.
• Keep your home maintained.
• Keep your property taxes and homeowners dues current.

You are welcome to a personalized Reverse Mortgage Analysis showing you what you may qualify for, please click on the “Learn More” button below.  Let me know your age, and if you are married, your spouses age, your approximate home value and the total remaining balance on any loans you have on your home.  Or ask any question you may have.