What is Reverse Mortgage ?
A reverse mortgage is an equity line which allows you to turn your home's equity into cash. You must be 62 years or older, own your home and the property must be your primary residence. Instead of you paying the bank each month. the bank send you funds from your HECM Loan. A reverse mortgage calculator is used to determine how much equity or cash can be taken out of your home. Reverse mortgages are FHA insured which gives you peace of mind that you won't pay more than you originally borrowed.
Reverse Mortgage Purchase
A reverse mortgage purchase allows you more flexibility to "buy up" to a newer home or downsize to fit your needs better. Maybe you would like to move closer to your children and buy a completely new home..., Thus , a reverse mortgage allows you to pay no principle or interest so you can keep your savings growing without having to dip into your retirement funds. You only need to qualify to pay monthly taxes, insurance and home owners fees if applicable. You will typically need about 50% down payment for a HECM Purchase. We can quickly calculate a reverse mortgage quote today!
Get to Know Us
C2 Financial Corp. is a full service mortgage broker based in San Diego, California. We specialize in Reverse Mortgages, as well as Conventional, VA Mortgages and FHA Mortgages in San Diego, California. We can explain the reverse mortgage pros and cons as well as explain the benefits of purchasing or refinancing your home loan.
David H, CA
“Working with Edie made this experience very easy. She was knowledgeable friendly and professional. We highly recommend her to anyone seeking a reverse mortgage.."
Tahera R, CA
"Edie is great. She is very knowledgeable in her job and provides the guidance you need. Very trustworthy and will recommend her to all my friends and family. "
Madison W, CA
“I used Edie to purchase my home and had a great experience. Qualifying was a breeze and she helped me every step of the way.”