Steve y Vicki Prol hablan español.
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.
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.
We also offer JUMBO REVERSE MORTGAGE LOANS for properties with higher values. If your home is worth $900,000 up to $6M, you may qualify for this special program, even though your home is too valuable for the standard HECM FHA insured loan, which has a loan limit of $636,150.00. Ask us about the Jumbo Reverse Mortgage Today!