Reverse Mortgage Information

Shopping for a mortgage? We'd be thrilled to answer your questions about our mortgage offerings! Call us at 714-939-3863. Ready to begin? Apply Now.

Reverse mortgages (sometimes referred to as "home equity conversion loans")......
 

Are you Eligible?

Reverse mortgages are available for borrowers at least 62 years old, and use the home as your main living place. Other qualifications are required.

Homeowners who live on a limited income and find themselves needing additional money find reverse mortgages ideal for their circumstance. The funds are nontaxable. Reverse Mortgages can have adjustable or fixed interest rates. The lending institution can't take away your home if you live past the loan term nor can you be obligated to sell your residence to pay off your loan even if the loan balance grows to exceed current property value. Call us at 714-939-3863 if you would like to explore the advantages of reverse mortgages.

Pacific Capital Mortgage Corp can walk you through the pitfalls of getting a reverse mortgage. Give us a call at 714-939-3863.