Here at Reverse Loan Solutions, we do our best to provide our clients and all California seniors who are interested in a reverse mortgage loan, with convenient access to the information that they need. This is why we provide many resources on this site such as a reverse mortgage calculator, as well as pros and cons, frequently asked questions, and more. That said, the best way for seniors and their families to learn more about what a reverse mortgage loan can do for them is to contact us directly. This will allow us to offer information and advice that is tailored and customized, since each client is unique.
If you would like to learn more about our reverse mortgage loan products and services, you can reach us using the information below:
Contact Reverse Loan Solutions
Hours: Monday – Friday: 8:30 AM – 5:30 PM
2655 First St #220,
Simi Valley, CA 93065
As a local California based reverse mortgage lender, we offer reverse mortgage loans to seniors throughout the state of California. Whether you are looking for a Santa Barbara, Ventura, or Los Angeles reverse mortgage, or located somewhere else in California, our friendly staff would be happy to answer your questions and provide tailored advice! We specialize in:
Reverse Mortgage Loan Requirements
There are three main requirements for someone who is interested in a reverse mortgage loan.
- First, the borrower must be 62 years of age or older. However, the non-borrowing spouse of a borrower may be younger.
- Second, the property that is used for the reverse mortgage must be the borrower’s primary residence. This means that the borrower actually needs to live in that property for at least 183 days per year.
- Finally, the borrower must own the property, or be purchasing with a HECM loan.
Beyond this summary of the requirements, there are often other more detailed questions that people would like to ask. For example, what documents are needed to prove ownership? Or, what are the other terms and conditions which need to be satisfied so that a reverse mortgage loan can proceed? For questions like these, the best way to proceed is to get in touch with us directly, either by phone, fax, email, or in person, so that we can provide you with all of the reverse mortgage facts and answer your questions with even more detail.
Learn More About Other Reverse Mortgage Loan Details
When you get in touch with us directly, we can also provide more specific information for your particular circumstances regarding how much you may receive from a reverse mortgage loan. Generally speaking, the factors that can affect available proceeds from the loan include a borrower’s age, the value of the home, prevailing interest rates, the existing loan on the property (if any), and the financial capabilities of the borrower. We are happy to go into greater detail once we have a direct line of communication.
We will also be able to more fully describe what reverse mortgage loans are, what benefits they provide, how a reverse mortgage loan might benefit you more so than a forward mortgage, and much more. So contact us today if you are ready to get started or just learn more about the reverse mortgage process.