Looking for a Reverse
Mortgage Broker in Orange County?
Find the perfect solution for your retirement!
Reverse Mortgage Simplified
Jaime and John Chis
Reverse Mortgage Specialists
What Are the Benefits of Proprietary or Jumbo Mortgages?
Baby Boomers, Reverse Mortgages and Retirement Cash Flow
The Reverse Mortgage is specifically designed for people over the age of 62 (HECM) or 55 (Proprietary) who own a home with the option of unlocking housing wealth and leveraging assets to meet ongoing life goals.
Many borrowers in or near retirement use the reverse mortgage as a proactive financial tool to access a portion of the home’s value to elevate and diversify investment positions.
How long one lives is unknown. The reverse mortgage is another layer of protection to safeguard, enhance and prolong the funds required to enjoy the quality of life you want.
Key Features
- The borrower remains the owner of the home, stays on title and maintains the right to sell the home or pay the loan balance off at anytime.
- The borrower has no required monthly mortgage payment but can choose to make a payment on the loan balance at anytime.
- The proceeds received are 100% TAX FREE.
- Spousal Protection- the loan balance only comes due after the last remaining spouse passes away or moves out of the home.
- Heirs-the borrower gets to decide who inherits the home.
- NO PREPAYMENT PENALTIES- the borrowers can payoff the loan balance whenever they choose.
- Available for both purchase and refinance transactions.
- The borrower must continue to pay property taxes, homeowner’s insurance, and keep the home in good repair, per the obligations of the loan.
Safeguards and Protections
- Borrowers must complete a counseling course with a 3rd party counselor to ensure they are aware of the options and obligations of the loan.
- Borrowers undergo a financial assessment to establish their ability to comply with loan terms.
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/ chishomeloans@outlook.com
San Clemente, CA 92672
John Chis
Mortgage Broker / NMLS# 1553176
949-433-9212 /chishomeloans@outlook.com
San Clemente, CA 92672
Jaime and John have experienced first hand the benefits of how a Reverse Mortgage can be used as a proactive financial tool in retirement. The Reverse Mortgage has positioned family members over the age of 62(HECM) & 55(Proprietary) to not only maintain their quality of life, but also improve it. We look forward to providing our clients customized loan options for a greater financial peace of mind.
CONSULTATION
Our team of industry-leading mortgage professionals will consult with you to determine the best loan options for your unique financial situation.
APPLICATION
Once we’ve identified the appropriate financing option for you, it’s time to submit your online application to get the ball rolling on approval.
HOME
It’s time to get started on the next chapter of your life. You’re approved, funding is secured, and it’s time to get packing.
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