A reverse mortgage is a loan product where a senior borrower can convert equity in their home into cash-flow or a line of credit, but more importantly enable them to not have to make a monthly mortgage payment for as long as they continue to live in their home as their primary residence. It is called a ‘reverse’ mortgage because, it is the lender who often has the obligation to make monthly payments to the borrower, which is the opposite of a standard forward mortgage. Payments can come in various forms, for example, in a Santa Barbara reverse mortgage, a borrower might receive funds in the form of monthly payments from the lender, as a lump sum amount, in the form of a credit line, or using some combination of these.

If you would like to find out more about our Santa Barbara reverse mortgage products and if a reverse mortgage loan is right for you, you can reach us at 800-791-5626 or send us an email via our online contact form. Our staff members will be happy to provide the Santa Barbara reverse mortgage loan facts, answers, and other information that you are looking for.
Santa Barbara Reverse Mortgage: How It Works
Generally, a Santa Barbara reverse mortgage would work in this way:
- First, the requirements would need to be checked. This means that the borrower or borrowers must be at least 62 years old, though the borrower’s spouse can be younger. The borrower would need to own the property that is used for the reverse mortgage (or use a HECM loan for purchase), and that property must be the borrower’s primary residence for at least 183 days per year.
- Once these requirements are met, the borrower will undergo the remaining steps in the reverse mortgage process. These include government-mandated counseling, the submission of an application and accompanying documents, appraisal of the home’s value, underwriting, approval and then finally, closing the Santa Barbara reverse mortgage.
Why Choose Us for Your Santa Barbara Reverse Mortgage

Here at Reverse Loan Solutions, we take pride in the fact that our company has a solid reputation in the California area. We are a division of Amerifund Home Loans, Inc., a firm known for exemplary customer satisfaction. We are proud to say that many of our staff members have been with us for more than two decades, so their experience and knowledge when it comes to mortgage products are unmatched. They know our loan products inside and out, allowing them to better and more clearly explain what these products have to offer to our clients.
In addition, we emphasize the importance of integrity and professionalism in all our dealings with existing and potential clients. Our customers know that when they come to us for information on a Santa Barbara reverse mortgage, we will provide them with an impartial discussion of the various reverse mortgage pros and cons. We do not exaggerate benefits or minimize the explanation of any disadvantages. Instead, we tell things like they are. We emphasize giving our clients accurate and complete information, so that they can make the best possible decision, given their own unique circumstances.
Learn More About Our Santa Barbara Reverse Mortgage Services
For more information regarding our Santa Barbara reverse mortgage products and services and to find out how much you may qualify for, get in touch with us today at 800-791-5626. Our company has been serving the residents of Santa Barbara, Orange County, and other parts of California for many years, and our reverse mortgage lenders would be happy to apply our experience and expertise in the Santa Barbara reverse mortgage loan industry to help with your particular needs.