Questions I can answer:
Considering a reverse mortgage? These are just some sample questions I can discuss with you:
How does a reverse mortgage home loan work?
Is a reverse mortgage different from a traditional mortgage?
Are there any upfront costs and/or fees associated with a reverse mortgage?
What should I know about ongoing costs once I have a reverse mortgage?
Will a reverse mortgage loan affect my spouse or partner?
Can I sell my home once I have a reverse mortgage?
What happens to my home when I pass?
What if I move to a nursing home?
How do I receive the proceeds from my reverse mortgage?
Do I get the money as a line of credit, in monthly installments, or in a lump sum?
What happens to the mortgage on my house? How is it paid off?
What ongoing responsibilities will I have after my reverse mortgage?
What other options exist? What about a refinance or home equity line of credit (HELOC)?
Marcel Garcia
Your Local Home Loan Expert
NMLS #2044545
Enquire about home mortgages (conventional loans, FHA Loans, VA Loans, Fixed Rate, Adjustable Rate, ARM, Jumbo Loans, Down Payment Assistance Programs, even a Reverse Mortgage). Or consider non-traditional / non-QM loans (Stated, Bank Statement, Business Bank Statement, CPA Letter, ITIN, Hard Money Loans, Construction Loans, Interest Only Loans, etc.)
The Consumer Financial Protection Bureau
Reverse mortgage answers:
Are you considering or do you already have a reverse mortgage loan? Learn more about Home Equity Conversion Mortgages (HECMs), the most common type of reverse mortgage loan.
https://www.consumerfinance.gov/consumer-tools/reverse-mortgages/answers/