Your Local Santa Barbara Reverse Mortgage Broker

A reverse mortgage allows homeowners age 55+ to convert equity in their home into cash-flow or a line of credit, but more importantly enables them to not have to make a monthly mortgage payment for as long as they continue to live in their home. It is called a ‘reverse’ mortgage because, the lender often must make monthly payments to the homeowner, which is the opposite of a standard traditional mortgage. Furthermore, payments can come in various forms, for example, in a Santa Barbara reverse mortgage, a client 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, for instance.

Santa Barbara Reverse Mortgage Lender

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 fill out our online contact form below. Our expert reverse mortgage brokers 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 works this way:

  • First, the client(s) must be at least 55 years old, though one spouse can be younger. They would need to own the property that is used for the reverse mortgage (or use a reverse mortgage loan for purchase), and that property must be their primary residence for at least 183 days per year.
  • Then, they will participate in a government-mandated counseling session which is usually just a phone call. After that, we will take an application and collect their accompanying documents to get started. Furthermore, The next steps include an appraisal of the home’s value, underwriting, approval, and then finally, closing the Santa Barbara reverse mortgage. In many instances, we can close a Santa Barbara reverse mortgage in 30 days or less.

Why Choose Your Santa Barbara Reverse Mortgage Broker

Santa Barbara Reverse Mortgage Loan Company

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 that many of our staff members have been with us for more than two decades; their experience and knowledge of reverse mortgage products are unmatched in the Santa Barbara area. They know reverse mortgages and the Santa Barbara community inside and out, allowing them to better and more clearly explain what these products have to offer to our clients.

Moreover, we emphasize the importance of integrity and professionalism in all dealings with our clients. When you come to us for information on a Santa Barbara reverse mortgage, we will provide you with an impartial discussion of the various reverse mortgage pros and cons. We do not exaggerate benefits or minimize the explanation of any disadvantages. We emphasize providing accurate and complete information so that you can make the optimal decision for your unique circumstances.

Learn More About Our Santa Barbara Reverse Mortgage Broker Services

For more information regarding our Santa Barbara reverse mortgage broker 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 brokers would be happy to apply our experience and expertise to your situation.