How a Reverse Mortgage Works

Your journey begins with a no-pressure conversation with one of our California-licensed reverse mortgage specialists. We take the time to understand your financial situation, goals, and any concerns you may have.

• Discuss your retirement income needs and goals
• Review your home's estimated value and equity
• Explain all reverse mortgage options available to you
• Answer every question — no rush, no sales pressure

Before proceeding, federal law requires you to complete a session with an independent, HUD-approved housing counselor. This protects you by ensuring you fully understand the loan terms and your obligations.

• Independent counselor — not affiliated with us
• Available by phone or in person
• Covers loan terms, costs, and alternatives
• Certificate issued upon completion

A licensed appraiser will assess your home's current market value. This determines how much equity you can access. We coordinate the entire process and keep you informed every step of the way.

• FHA-approved appraiser visits your home
• Assessment of current market value
• Review of any required property repairs
• Results shared with you and the lender

Once the appraisal is complete, we submit your application for underwriting. Our team handles the paperwork and keeps you updated throughout the review process.

• We prepare and submit all required documents
• Underwriter reviews your application
• Any additional documentation requested promptly
• Regular status updates from your specialist

At closing, you'll sign the final loan documents and choose how you'd like to receive your funds. You remain the owner of your home and continue living there — no monthly mortgage payments required.

• Choose lump sum, monthly payments, or line of credit
• Three-day right of rescission period
• Funds disbursed after rescission period
• You retain full ownership of your home