Jumbo Reverse Mortgage

 
Owners of higher valued properties now have a powerful retirement planning tool available...

Introducing the Jumbo Reverse Mortgage
with loan amounts up to $4 million

 

Similar to a traditional Jumbo Mortgage, clients age 60 or older who own a property that’s valued at $1 million or more may now be able to access more of their home equity.  That could help you fund a more comfortable and secure retirement while keeping productive assets invested under your management.

Highlights:

  • No mortgage insurance premiums
  • Stable fixed rates
  • Lump sum at closing and monthly disbursement options available
  • Condos do not require FHA approval (condos over $500k)
  • ​Loan limits are significantly higher than a HECM allows
  • ​No monthly mortgage payments *
  • Proceeds are tax-free **
  • NEW in 2018:  Minimum borrower age 60


 

A Jumbo Reverse Mortgage Loan could provide you the extra funds to remain living in the home you love longer

  • Fund home improvement projects
  • Replace cash reserves
  • Cover the cost of medical or in-home care expenses
  • Eliminate monthly payments on auto loans or credit cards
  • Setup an emergency fund for future needs
  • No capital gains tax *** 
 

We are Southern California's Jumbo Reverse Experts

Are you curious if you qualify and how much of your home's equity you may be eligible to access with a Jumbo Reverse?


Call Today  (619) 294-9820  or  (888) 603-1550
 

  • In-home appointments available in San Diego County and all of Southern California
  • Work directly with a CRMP (Certified Reverse Mortgage Professional)
  • Over 20 years lending experience with very high client satisfaction
  • Strong commitment to education so you get your questions answered
  • Explore both the pro's and con's of a reverse mortgage
 

John Correll, CRMP

Certified Reverse Mortgage Professional
NMLS # 1004396  CA-BRE # 01353015


(619) 294-9820

(888) 603-1550

 

As of July 2017 there were only 155 individuals in the entire United States with the designation of CRMP.

Allow me to put that expertise to work for you and your family.
- John Correll, CRMP


Proudly serving San Diego County & all of California
 

*The borrower must meet all loan obligations, including living in the property as the principal residence and paying property charges, including property taxes, fees, hazard insurance. The borrower must maintain the home. If the homeowner does not meet these loan obligations, then the loan will need to be repaid. 
**Not tax advice. Consult a tax professional.  
***Capital gains taxes are only due upon a sale. A Reverse Mortgage is a loan, secured by a mortgage on your home, and does not require sale of the home as long as your loan is in good standing.


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