Access your home equity in retirement with a reverse mortgage. HECM and proprietary options with personalized counseling in the East Bay.
Katrina Carter, Senior Mortgage Advisor
Empire Home Loans
Phone: (510) 213-2677
Email: [email protected]
NMLS# 1737872
Company NMLS# 1839243
Access your home equity in retirement with a reverse mortgage. HECM and proprietary options with personalized counseling in the East Bay.
Access your home equity in retirement without monthly mortgage payments. A reverse mortgage can supplement your income, pay off an existing mortgage, or fund home improvements — all while you keep ownership of your home.
A reverse mortgage (Home Equity Conversion Mortgage, or HECM) allows homeowners aged 62 and older to convert part of their home equity into cash. Unlike a traditional mortgage, you don't make monthly payments to the lender. The loan is repaid when you sell the home, move out, or pass away.
The most common reverse mortgage. FHA-insured with flexible disbursement options: lump sum, monthly payments, line of credit, or a combination. Personalized counseling is required.
Buy a new home with a reverse mortgage. Ideal for downsizing or relocating closer to family. You make a large down payment and the reverse mortgage covers the rest — no monthly payments.
For high-value homes exceeding the HECM limit, proprietary or jumbo reverse mortgages provide access to more equity. These are not FHA-insured but offer higher loan amounts for luxury properties.
You remain the owner of your home and must continue to pay property taxes, homeowners insurance, and maintain the property. A reverse mortgage is a complex financial product. I provide personalized counseling to ensure you understand every aspect before proceeding.
I take the time to educate you and your family about how reverse mortgages work, the costs involved, and whether it's the right fit for your retirement strategy. I also involve adult children or financial advisors when appropriate. Transparency is my priority.
Not sure if a reverse mortgage is right for you? I'll walk you through the numbers, the costs, and the alternatives — with no pressure.
Senior Mortgage Advisor at serving the East Bay with over 30 years of real estate experience.
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