WELCOME TO MY REVERSE MORTGAGE LOAN WEBSITE

Steve y Vicki Prol hablan español.

TALK WITH A LOCAL HECM AND JUMBO REVERSE MORTGAGE EXPERT

Unlike many other reverse mortgage specialist, Steve Mitchell is local. He is a certified reverse mortgage loan officer in Carmel, Pacific Grove, Monterey, Seaside, Marina, Salinas, Prunedale, Wattsonville, Hollister, and other surrounding areas. He wants to help you find the best answers to your financial needs and desires, and has been helping seniors with their real estate needs since 1961. 

WHAT IS A HOME EQUITY CONVERSION MORTGAGE?

Home equity conversion mortgages (HECM), sometimes known as a reverse mortgage, are unique loans available to seniors over the age of 62 which allow them to convert the equity in their homes into cash. Seniors are often in need of extra money for expenses such as home improvements, unexpected medical expenses, and in-home care. These loans were developed to provide this much needed cash by taking advantage of home equity seniors have accumulated over the years.

JUMBO REVERSE MORTGAGES

We also offer PROPRIETARY JUMBO REVERSE MORTGAGE LOANS for properties with higher values to seniors over the age of 55. If your home is worth $900,000 or more, you may qualify for this special program. Your home may be too valuable for the standard HECM FHA insured loan, which has a loan limit of $1,089,300.

The hidden equity in your home can be used by you, tax free, for any reason you may need, or desire, a source of cash or reserve funds.

Please contact us today to set up a complimentary personal call to see if your unique situation could benefit from a Jumbo Reverse Mortgage.