Reverse Mortgage Loan San Diego

Most senior citizens who require more income have probably thought about acquiring a reverse mortgage loan. Reverse mortgage loans are an excellent option for senior homeowners with stable home equity to purchase a loan for daily expenses. Before obtaining a reverse mortgage loan, you should consult a reputable expert like giraffe lending, who can help you understand the process and your options.

How do reverse mortgages work?

A reverse mortgage is one of the most popular types of federally insured mortgages, also referred to as a Home Equity Conversion Mortgage (HECM). Through California reverse mortgage loans, qualified homeowners can receive a loan advance in exchange for access to their home equity.

Millions of older citizens now have access to flexible credit through their mortgages. They can even get cash in a lump sum to supplement their retirement income.

The Process of a Reverse Mortgage

With traditional mortgages, borrowers must start making monthly payments to lenders as soon as the deal closes. The loan balance continues to drop with each principal and interest payment made every month. The process is reversed in a HECM or reverse mortgage. The lender gives the borrower money up front, either as a lump sum or over a set period, instead of requiring monthly repayments.

Your home’s appraised value, equity, the age of the youngest borrower (if you have a spouse), and other considerations will all affect the precise amount you are eligible to get.

When the borrower vacates the property, sells the house, or passes away, the loans for reverse mortgages become wholly due and payable. In any case, there are a few different ways to return the loan.

Giraffe Lending provides countrywide reverse mortgage service. Our team can assist you with your reverse mortgage needs in California because we have many years of experience in the area. Without assistance, reverse mortgage loans might be challenging to comprehend. Still, we ensure you are well informed and educated before choosing this course of action.

We make reverse mortgage loans simple and approachable. In a one-on-one meeting with you, we evaluate your situation and determine how a reverse mortgage loan will best meet your needs. We ensure a reverse mortgage loan will work for you before you continue because these types of loans are not suitable for everyone.

Contacting our knowledgeable team of advisors will help you begin the process of obtaining reverse mortgages. We are always here for you. We have experience working with a wide range of clients who have different reverse mortgage demands, so we would be happy to assist you with all of them.


Take the first step

towards the retirement you want

Find out how much you can receive with a reverse mortgage by completing the form below.

  • By submitting this request for information, I hereby provide my signature, expressly consenting to receive information by email or phone, via automated dialling systems, texting, and/or prerecorded messages, from or on behalf of Giraffe and Its fulfillment partners and may agree to receive other offers on the telephone number I provided above, including my wireless number, even if I am on a State or Federal Do-Not-Call list. I understand consent Is not a condition of purchase and that I may revoke my consent at any time. I can revoke consent by calling Giraffe customer service at 1-866-723-6466 or contacting my loan officer.