What is a Reverse Mortgage?

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Reverse mortgages are tax exempt home loans that allow San Jose, CA homeowners to convert their home equity into cash, without the need to make monthly payments or sell their home. This loan program is available to individuals aged 62 or older, who own a home, which is also their principal residence.

Reverse mortgages allow San Jose homeowners to pull out a lump-sum or monthly income from part of the equity in their homes. The proceeds can be used for a wide range of purposes, such as:

  • Pay off existing bills
  • Fund medical care
  • Buy a new car
  • Remodel home
  • Gift money

Brian Lardner can help you unlock some of the equity in your home, so that you obtain the extra cash needed to fund your retirement and enjoy a comfortable life. Our team of brokers has extensive experience in helping seniors in the San Jose area release equity and settle loan transactions.

Benefits of Reverse Mortgages for the San Jose Homeowner

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The main benefit of reverse mortgages is that unlike traditional mortgages, these loans will not result in a monthly mortgage payment. The amount of cash that San Jose homeowners can get from reverse mortgages depends on their age, their home's value and the reverse mortgage interest rates for the program selected.

Other advantages of reverse mortgages for San Jose homeowners include:

  • Funds are tax-free
  • The loan is non-recourse
  • No prepayment penalty
  • No credit score or income qualification required

Reverse Mortgage Lenders for San Jose Residents

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You have found the best reverse mortgage lender in the San Jose area! We are your one-stop-access to reverse mortgage options in the San Jose area. We compare the different reverse mortgages in San Jose and find the one that best matches you needs and circumstances. Rest assured, we will do whatever we can to find the best possible loan product, at the best possible price.

Our team has extensive experience helping seniors enjoy an easy and comfortable retirement life. Let us do the legwork, so you can sit back and relax! From start to finish, you will enjoy a smooth and hassle-free experience. When you choose our services you get:

  • Honesty, integrity, and ethics
  • Friendly, knowledgeable advisers
  • Commitment to YOU, our customer

Please contact Brian Lardner so we can help you find a reverse mortgage that fits your needs. Give us a call at 805-434-5226.