Reverse Mortgage Bay Area Reverse Mortgages Broker

Reverse Mortgage loans were designed by the U.S. Department of Housing and Urban Development (HUD), Fannie Mae and other private institutions. Most of the Reverse Mortgage loans made today are insured by the Federal Housing Administration (FHA) which is backed by the U.S. Government.

All borrowers are required to obtain HUD approved, third party counseling prior to applying for a Reverse Mortgage. This counseling is free and can be very helpful in answering any questions you have.

The goal of the counseling is to:
Further educate the borrower about the specifics of a reverse mortgage
Explain the reverse mortgage process
Explore other options that may be available to you
Discuss any financial or tax implications
Review associated costs and fees
Discuss the role and relationship between the borrower (homeowner) and the lender, and/or other professional advisors.

About Ray and his Reverse Mortages:

When Ray entered the reverse mortgage field, he decided to become thoroughly knowledgeable with the major issues being faced by seniors and how to fully understand their challenges and various lifestyles. For this reason, he became a Certified Senior Advisor (CSA). The CSA designation is earned by taking a comprehensive course on the health, financial and social issues of seniors, and then becoming certified by passing an exam. A Certified Senior Advisor follows a code of business ethics and must undergo additional training each year to remain in good standing as a CSA. Our senior population is rapidly growing due to the baby boom phenomenon that occurred after World War 2 and while we now have about 35 million people over 65 years old, that number will double to 70 million by the year 2030. Due to this significant shift in demographics, trained professionals like CSA’s will be increasingly needed to meet the needs of this growing senior population. If you have reverse mortgage questions?

2080 Mountain Blvd., Suite 101, Oakland, CA, 94611

Specializing in Bay Area Reverse Mortgages

What is a Reverse Mortgage?

Steps To Getting a Reverse Mortgage: