REVERSE MORTGAGE IN OXNARD

Could you use more money during retirement? Whether you want to upgrade your home, keep up with your bills, or go on that special trip you have been planning, a reverse mortgage can help you do it.

What is a Reverse Mortgage?

A reverse mortgage is a lending product for senior homeowners. By borrowing against the equity you have in your home, you can receive a flexible cash loan to supplement your income.

How You Can Use the Funds from Your Reverse Mortgage

One of the features that makes reverse mortgages so versatile is that it is completely up to you how you use your funds. Some popular ways to use the supplemental cash from reverse mortgages include:

Upgrade, renovate, or repair your home.
Put a down payment on a second home.
Put a down payment on a vehicle.
Make repairs to your current vehicle.
Go back to school, or send a grandchild to school.
Start a new business venture.
Clear high-interest debts.
Build an emergency fund.
Pay medical bills.
Pay your monthly bills.
Pad your savings.
Go on a vacation.

Benefits of a Reverse Mortgage in California

If you wish, you can keep living in your home for the rest of your life. This assumes that you remain current on property taxes, homeowner’s insurance, and home maintenance payments. If you still owe on your mortgage, you also must keep up with your mortgage payments.
The total freedom to spend or save your funds as you choose empowers you to live the life you want.
You can receive your reverse mortgage funds as installment payments, a line of credit, or a lump sum.
The funds you receive through your reverse mortgage are considered supplements to income, and are often not taxed (ask your tax professional for details in your specific case).
You do not owe payments on the reverse mortgage until there is a maturity event. This might be the death of the last borrower or the sale of the property.
Your peace of mind will increase when you have cash available to you through the reverse mortgage. Spend time enjoying your home, family, and the things that matter to you instead of thinking about money.

Who Qualifies for a CA Reverse Mortgage?

If you meet the basic requirements below, you may be eligible for a reverse mortgage:

At least one borrower on your mortgage must be age 62 or above.
We will conduct an assessment of your income, tax history, credit score, and other financial data.
You must be up-to-date on all the maintenance payments associated with your home.
You must have adequate equity in a primary residence to borrow against.

During your consult, we can help you find out whether you qualify for a reverse mortgage.

Apply Now for a Reverse Mortgage in Oxnard or Beyond

We help seniors in Oxnard, Ventura, Santa Barbara, Los Angeles, and throughout California to get the funds they need to make the most of their retirements with a reverse mortgage. To find out if you qualify, please give us a call today at (805) 402-5302 to schedule your reverse mortgage consultation.

See What Our Clients Are Saying About Us!

Financial Home Associates

“I have worked with Craig Maltman for many, many years. Feels like both grew up in the business! He is still my leder of choice. He returns call promptly of all house of the day and often night (and that is rare with todays lenders) and pulls off the impossible to get that all important loan approval. Try him and he will be your lender of choice for ever”

Emma Morata

Craig was wonderful to work with. He is responsive and made the process as seamless as possible. Would definitely go to him again for future lending!

John Guerrero

Craig was extremely helpful and totally there every step of the way through the whole process. He was very transparent and completely honest with everything he did for me. He was very knowledgeable and fast. I would (and will) use Craig again for any and all future transactions!

Lendsay Loaf

Craig helped me refinance my home. He got me a great rate and shaved 14 years off my mortgage with a negligible increase in my payments. Working with him was so easy, he is a great communicator and has always been available for questions. I would recommend him wholeheartedly.

Nicholas Hebert

I have had the pleasure of working with Craig for 5 years now. When my previous broker decided to close his lending division, it came as a surprise to the entire team. However without hesitation, Craig offered to take our team under his wing so that we were able to continue operating seamlessly without missing a beat. He is an extremely knowledgeable broker and a great leader, constantly adding new lenders so his entire team of loan officers can continue to offer our clients the best product options on the market. He also asks all of us for feedback when making decisions that affect the group which not all business owners do. Craig is not only a pleasure to work with, but a truly great person as well!

Linda Freeny

I have worked with Craig Maltman for many, many years. Feels like we both grew up in the business! He is still my lender of choice. He returns calls promptly at all hours of the day and often night (and that is rare with todays lenders) and pulls off the impossible to get that all important loan approval.Try him once and he will be your lender of choice for ever.

Antoinette Bartsch-Newhouse

If you want your loan to close, this is the place! Craig has helped clients achieve homeownership dreams that they did not believe possible. If you want a hard working lender; who thinks out of the box, look no further.

Buy a Home or Refinance in Oxnard Now

If you are ready to apply now for a flexible home loan in Oxnard or elsewhere in California, Financial Home Associates is standing by. To get started now, please give us a call today at (805) 402-5302 to schedule your mortgage consultation.

CONTACT

Financial Home Associates 1000 Town Center Dr #525 Oxnard, CA 93036

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Phone: (805) 402-5302
NMLS #873846

Financial Home Associates is an Equal Housing Lender. As prohibited by federal law, we do not engage in business practices that discriminate on the basis of race, color, religion, national origin, sex, marital status, age, because all or part of your income may be derived from any public assistance program, or because you have, in good faith, exercised any right under the Consumer Credit Protection Act. Disclaimer: Programs subject to change without notice. All borrowers must qualify per program guidelines.