Ernie Castro

The Right Guide For Your Reverse Mortgage

Reliability – Your Trusted Guide

Choosing the right loan officer and lender is a critical part of success for every Reverse Mortage loan process. We are honored that so many of our Reverse Mortgage clients choose to put their trust in us again and again. No matter the size of the loan, it’s always a big deal, and you can rely on our team to guide you every step of the way.

My Promise to You as a Valued Client

• Provide a smooth, easy, and stress-free process
• Help you feel informed and confident in your home financing choices
• Match short and long-term goal strategies through tailored mortgage solutions
• Communicate regularly and consistently so you can relax and enjoy this new chapter of homeownership

What Is a Reverse Mortgage?

A reverse mortgage is a loan available to homeowners 62 years or older that allows them to convert part of the equity in their homes into cash.

The reverse mortgage is designed to help retirees with limited income use the accumulated wealth in their homes to cover basic monthly living expenses and pay for health care.

One of the most significant benefits of a reverse mortgage is that there are no restrictions on how reverse mortgage proceeds can be used. This important benefit allows many homeowners to use a reverse mortgage as part of their comprehensive retirement plan to enhance their financial security.

Additionally, the borrower is not required to pay back the loan until the home is sold or otherwise vacated. As long as the borrower lives in the home, they are not required to make any monthly payments towards the loan balance. However, the borrower must remain current on property taxes, homeowners insurance, and homeowners association dues (if applicable).