Serving Santa Cruz and Santa Clara Counties

WHAT IS A REVERSE MORTGAGE?

A reverse mortgage is a loan designed for people 62 and older, which enables them to utilize the equity in their homes for additional tax free income, pay off debt and expand their possibilities for retirement—-all with NO mortgage payments.

Eligible Properties:

  • 1-4 units
  • HUD approved condominiums
  • Manufactured homes which meet FHA guidelines

Is a reverse mortgage right for me? Ask yourself these questions:

  • What happens to others in my home after I pass away or move out?
  • What are my short and long term financial goals?
  • Have I explored other options?
  • Am I concerned about leaving my home to my heirs?

The only way to get a clear picture about whether or not to proceed with a reverse mortgage; and to find out how much you will receive, call me for a free consultation. We can discuss your concerns and questions; and I will give you a personal comparison worksheet which shows how much you will receive under the fixed and adjustable programs.

 

EMAIL OR CALL ME TODAY FOR A FREE CONSULTATION

kathy_jackson_04.12.11_web
KATHY JACKSON
Reverse Mortgage Consultant
Pacific Home Lending
(831) 801-0947
BRE #01009094
NMLS #246223
kathy.reversemortgages@gmail.com

What clients are saying about Kathy:

My wife and I bought a new home by borrowing against our IRA money, which can be done for 60 days without tax implications. The reverse mortgage was then created against the new home to allow us to pay back the IRA and also leave us with some additional funds to upgrade the new home. Obviously the timing was critical in our case, and there are a number of steps in the process which could have delayed the funds beyond the 60 days. But, thanks to you personally monitoring the process and pushing it, we had the money in just over 50 days and were successful with this approach.

We were very satisfied with the results and feel very lucky to have had you working the loan for us. Thank you.

—ME