Financial Freedom To Live The Life You Deserve
Leverage your home’s equity to stay in place and access the cash you need to thrive
What would it mean to you to have the ability to….
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Visit the grandkids whenever you want
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Go to a nice restaurant and order an appetizer, entree, AND dessert…Guilt free
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Pay for that dream family vacation
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Help a loved-one with college tuition
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Provide your adult children with much needed down-payment assistance
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Make upgrades to your home so that you can age in place comfortably
And the best part is you get to do this using tax-free money from your house without selling
Introducing the Modern Reverse Mortgage
What is a Reverse Mortgage?
A reverse mortgage is a loan designed exclusively for senior homeowners, allowing them to convert a portion of their home’s equity into usable cash. Unlike traditional mortgages, borrowers are not required to make monthly payments. Instead, the loan balance, including any accrued interest, becomes due only when a maturity event occurs, such as the homeowner selling the home, moving out permanently, or passing away.
While borrowers can defer mortgage payments for the life of the loan, they still have financial obligations. These include property taxes, homeowners insurance, and any applicable fees, as well as maintaining the home as their primary residence. Additionally, interest accrues on the loan balance if left unpaid. Failure to meet these obligations may result in the loan becoming due.
But I heard that….
Yes, a lot of people have heard scary things about reverse mortgages, but most of them simply aren’t true. They’re no longer just a last-resort option—many financially savvy homeowners use them to improve their retirement fund outcomes. Just like the cars of today have seatbelts, airbags, and GPS help you safely arrive to your destination, reverse mortgages have built-in safeguards and consumer protections to give seniors peace of mind to enjoy financial freedom in a safe and strategic way.
Benefits
No monthly mortgage payments except for taxes, insurance, and maintenance
Growing line of credit (applies to unused funds)
Increased discretionary cash flow
Can sell YOUR home at any time
Does not require payment until last living borrower permanently leaves the home
Bridge the medicare gap
Increase your purchasing power
Eligibility
Borrower(s) must be 62 years or older
Must be a homeowner and either own home out right or have significant equity
Must live in home as the primary residence (live there 6+ months per year)
The property must be a single-family home, a 2 to a 4-unit dwelling or FHA-approved condo
Must meet minimal credit and property requirements
Must receive reverse mortgage counseling from a HUD
approved counseling agency
Ways a reverse mortgage could be used
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Eliminate Your Monthly Mortgage Payment
Refinance an existing mortgage, liberating your retirement budget from fixed monthly mortgage payments. Essential property charges like taxes and insurance must continue to be paid.
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Fund Home Improvement Projects
Use HECM loan proceeds to finance home upgrades that enhance safety and comfort, ensuring the long-term enjoyment of your home.
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Cover Healthcare Expenses
Tap into your home equity to support various healthcare needs, including long-term care insurance premiums, in-home care and medical expenses.
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Enhance Cash Flow and Create Emergency Funds
Elevate your retirement experience and establish a readily accessible safety net for unexpected circumstances with HECM loan proceeds.
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Safeguard Against Market Volatility**
Structure a HECM as a flexible line of credit, providing access to cash as needed, making it advantageous for long-term financial strategizing.
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Facilitate a New Home Purchase
Unlock the distinct benefits of a HECM for Purchase, a hybrid solution that combines the advantages of paying all cash and taking out a traditional mortgage.
How Reverse Mortgages Compare to Other Loan Types
| Feature | Reverse Mortgage | Traditional Mortgage | HELOC |
|---|---|---|---|
| Monthly Mortgage Payments | Optional | Required | Required |
| Growing Line of Credit | Yes | No | No |
| Can be frozen, lowered, or called due | No | No | Yes |
| Risk of foreclosure if monthly mortgage payment not made | No | Yes | Yes |
Payout Options
LUMP SUM
Works well for immediate needs, such as paying off debts or making home improvements.
MONTHLY CASH FLOW PAYMENTS
For borrowers who prefer to receive payments each month for the life of the loan or for a fixed period of time.
LINE OF CREDIT
Can help borrowers grow their proceeds with its growth rate feature.
COMBINATION
Reverse mortgage offers a great deal of options; a combination of any of the other options is available.
Questions You May Be Asking..
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If your home is your biggest financial asset, a reverse mortgage could help you tap into its equity — giving you access to cash while continuing to live there.
It’s best suited for those planning to stay in their home long-term and who can keep up with property taxes, insurance, and maintenance.
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The amount you can borrow with a reverse mortgage depends on your age, home value, interest rates, and loan costs. Generally, the higher your home’s value and the lower the interest rate, the more you may qualify for.
Keep in mind, you’ll never be able to borrow the full value of your home. Fees and insurance are factored in, and younger borrowers typically qualify for less since they’re expected to live longer.
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Reverse mortgage funds won’t impact Social Security or Medicare. However, they can affect eligibility for need-based programs like Medicaid or SSI.
If you currently receive or plan to apply for those programs, it’s smart to consult a financial advisor or review the program guidelines before moving forward.
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Yes. While monthly payments aren’t required, you can choose to make partial or full payments at any time — with no penalty for paying it down or off early.
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Reverse mortgage amounts are based on the age of the youngest borrower, your home’s appraised value, and current interest rates. Typically, you can access 40% to 60% of your home’s value.
Want an exact number? Call me for a personalized quote.
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Every family is unique, and it’s natural to consider how a reverse mortgage might affect your children. The good news: your home can still be passed on. When the loan ends, your heirs can either sell the home to repay the loan or keep it by paying off the balance another way.
We encourage open family involvement throughout the process — from reviewing numbers to application and closing. If you’d like your children or other loved ones included, just let your Loan Officer know. We're happy to answer their questions and help everyone feel informed and confident.
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While reverse mortgages once had a poor reputation, today’s loans are tightly regulated by the U.S. Department of Housing and Urban Development (HUD), making them one of the most protected mortgage products on the market.
Built-In Safeguards Include:
Mandatory Counseling: Before applying, you’ll meet with a HUD-approved counselor to review the loan’s details, responsibilities, and whether it’s the right fit for you.
Non-Recourse Protection: FHA-insured reverse mortgages ensure that neither you nor your heirs will ever owe more than the home’s value at sale — even if the loan balance is higher. Any shortfall is covered by federal mortgage insurance (MIP).
These safeguards are designed to protect you and your family. Your Loan Officer can walk you through the full list and answer any questions.
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Yes. You can use a HECM for Purchase to buy a new primary residence. You will contribute a down payment from liquid assets (like bank accounts, retirement funds, or proceeds from a home sale), and the reverse mortgage covers the rest.
Once the loan is in place, it works just like a reverse mortgage on a home you already own — with the same benefits and protections.
6 Easy Steps
Meet your Reverse Mortgage Advisor
Crystal Denmon
NMLS #2662120
As a native of Los Angeles and a proud UCLA graduate with over 10 years of experience in the real estate industry, I’m passionate about helping seniors unlock the financial freedom they deserve in retirement. Guided by my faith in God, I believe in serving others with integrity, compassion, and a commitment to doing what’s best for you. With my deep understanding of both the local market and the reverse mortgage process, I guide you every step of the way with patience, clarity, and a touch of humor. Whether you want to supplement your income, fund a dream trip, or simply enjoy peace of mind, I’m here to make sure you’re empowered to live your best life. Let’s chat and see how a reverse mortgage might be the perfect solution for your unique situation—no jargon, just real personalized solutions!
Ready to Get Started?
No matter what method of contact you prefer, we promise you'll receive a response from a real, live mortgage loan officer —and to never bombard you with solicitations.