Mountain View California Reverse Mortgage

Your Mountain View Reverse Mortgage Guide

Welcome to Mountain View

Are you a homeowner in Mountain View looking for financial support in retirement? A reverse mortgage loan may be the solution you’ve been seeking. This type of loan allows homeowners aged 62 and older to access their home equity without the obligation to make monthly payments. Instead, the loan is repaid when the borrower sells the home or passes away. Reverse mortgage loans can provide a stable financial foundation and allow seniors to age in place with the comfort and security of their own home.

Reverse Mortgage

Explore the possibilities of a Reverse Mortgage! Free yourself from worrying about monthly bills and take back control of your financial future. With a Reverse Mortgage, you can unlock the power of your home’s equity while maintaining ownership of your home. Find out today how you can start on the road to financial freedom.

Learn More about a Reverse Mortgage

Reverse Mortgage for Purchase

Did you know you can use a reverse mortgage to purchase a new home? A reverse mortgage for purchase allows seniors to buy a new home without making any monthly mortgage payments. Instead of getting an upfront lump sum payment like other reverse mortgages, the loan is used to purchase a new primary residence.

Learn More about a Reverse Mortgage for Purchase

HECM to HECM Refinance

A HECM (Home Equity Conversion Mortgage) to HECM refinance, also known as a HECM loan refinance, is a type of reverse mortgage that allows a borrower to refinance an existing HECM loan with a new one. This can be beneficial for several reasons, such as lowering your interest rate, changing the loan terms, accessing additional equity, and improving your financial situation.

Learn More about a HECM to HECM Refinance

Cash Out Reverse Mortgage

A Reverse Mortgage allows you to take cash out of your house and use the equity in your home for the things you want. You can receive your cash as a lump sum, fixed monthly payment, or line of credit.

Learn More about a Cash Out Reverse Mortgage

Jumbo Reverse Mortgage

A Jumbo Reverse Mortgage is a reverse mortgage that allows homeowners to borrow more money than allowed with a traditional HECM reverse mortgage. This is because a Jumbo Reverse Mortgage is not limited by the same lending limits set by the Federal Housing Administration (FHA) for standard HECM loans. With a Jumbo Reverse Mortgage, you can access more of the equity in your high-value home.

Learn More about a Jumbo Reverse Mortgage

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Mountain View Approved Reverse Mortgage Counseling Agencies

HUD Approved HECM Counseling Agencies

The following is the internet website address and telephone number provided by HUD for the purposes of acquiring HECM counseling:

National Counseling Agencies

ClearPoint Financial Solutions
(800) 251-2227
https://www.clearpoint.org/

Money Management International
(877) 908-2227
https://www.moneymanagement.org/

Credit.org
(800) 947-3752
https://www.homeownership.org/

National Foundation for Credit Counseling
(866) 698-6322
https://www.nfcc.org/

Greenpath
(888) 860-4167
https://www.greenpath.com/

Navicore
(866) 855-7736
https://navicoresolutions.org/

Guidewell Financial Solutions
(800) 882-6171
https://www.guidewellfs.org/

NeighborWorks America
(202) 760-4000
https://www.neighborworks.org/

Housing Options Provided for the Elderly (HOPE)
(844) 432-6467
https://hopeforseniorsstl.org/

California Counseling Agencies

Mountain View California Frequently Asked Questions

How does a Reverse Mortgage work in Mountain View California?

A reverse mortgage in Mountain View, California, works similarly to a reverse mortgage in other parts of the country. The basic principle is that it allows homeowners 62 years of age or older to borrow money against the equity in their home without having to make monthly payments. Instead, the loan becomes due when the borrower moves out of the house permanently, sells the home, or passes away.

To obtain a reverse mortgage in Mountain View, California, the borrower must meet with a reverse mortgage lender and go through a counseling session to ensure that a reverse mortgage is a suitable choice for them. The lender will also appraise the home to determine its value and the amount the borrower is eligible to borrow.

Do I make mortgage payments on my Reverse Mortgage in Mountain View?

No, you do not have to make payments on your reverse mortgage. You are still obligated to pay your property taxes, homeowners insurance, general home maintenance and upkeep, and any HOA fees, if applicable. The benefit of a reverse mortgage is that you do not have to make a regular monthly mortgage payment.

What qualifies for a reverse mortgage in Mountain View?

A reverse mortgage loan is only available to seniors who are age 62 or older. This type of loan has been designed to help provide a solution to allow seniors access to equity in their homes while still living there. To qualify for a reverse mortgage, you must:

  • The youngest borrower on the loan must be 62 years old or older
  • Having an existing mortgage loan balance is OK as long as there is sufficient equity in the home
  • It must be your primary residence, not rental homes or vacation homes
  • Reverse mortgage loans are available as refinance or purchase loans.

How do I receive my money when I get a reverse mortgage?

With a Reverse Mortgage, borrowers have the flexibility to choose how they want to receive their loan proceeds. This can include receiving the funds in one lump sum, periodically accessing them through a line of credit, receiving regular monthly payments, or a combination of these options. Speak with a licensed Reverse Mortgage Lender to discuss your options.

About Mountain View California

Welcome to Mountain View, California! This vibrant city is home to over 80,000 residents and is located in the heart of Silicon Valley. With its rich history and modern amenities, Mountain View is the perfect place to explore and experience the best of the Bay Area.

Mountain View was founded in 1902 by a group of settlers from Missouri. It was originally a small farming community, but over the years it has grown into a bustling city. Today, Mountain View is a hub for technology and innovation, and is home to some of the world’s most influential tech companies.

Mountain View is also a great place to enjoy the outdoors. There are plenty of parks and trails to explore, including Shoreline Park and the Stevens Creek Trail. There are also several community centers, such as the Mountain View Community Center and the Mountain View Senior Center, where you can take classes, join clubs, and participate in activities.

If you’re looking for a great education, Mountain View has some of the best schools in the area. The city is home to several elementary and middle schools, as well as Mountain View High School and Los Altos High School.

Mountain View is a vibrant city with something for everyone. Whether you’re looking for a great place to live, work, or play, Mountain View has it all. So come explore and experience all that Mountain View has to offer!

Things To Do In Mountain View

Mountain View, CA Neighborhoods

North Whisman, Castro City, Old Mountain View, Shoreline West, Whisman Station, Rex Manor, The Crossings, Martens-Carmelita, Blossom Valley, Jackson Park, Cuernavaca, Cuesta Park,

MOUNTAIN VIEW, CA WEATHER !function(d,s,id){var js,fjs=d.getElementsByTagName(s)[0];if(!d.getElementById(id)){js=d.createElement(s);js.id=id;js.src='https://weatherwidget.io/js/widget.min.js';fjs.parentNode.insertBefore(js,fjs);}}(document,'script','weatherwidget-io-js');

Top Sights in Mountain View, CA


Computer History Museum

Shoreline Amphitheatre

Googleplex

Shoreline Lake Events

Cuesta Park

Rengstorff House

Shoreline Lake Boathouse

Shoreline Lake

Los Altos History Museum

The NASA Gift Shop in Silicon Valley

Rancho San Antonio County Park & Open Space Preserve

Moffett Field Historical Society Museum

Shoreline at mountain view

Magical Bridge Playground

Rengstorff Park

The Foster Museum

Pioneer Memorial Park

Eagle Park

Mariposa Park

Stevens Creek Trail

Rengstorff Park Tennis Courts

Historic Adobe Building

ISKCON Silicon Valley

Village Green Dog Park

Rootstock Wine Bar

Stevens Creek

Sylvan Park

Bubb Park

Permanente Creek

Mitchell Park

Klein Park

Whisman Park

Pyramid Park

Mercy-Bush Park

Gemello Park

Foothills Nature Preserve

Unitary Plan Wind Tunnel

Pearson-Arastradero Preserve

Byxbee Park

Don Edwards San Francisco Bay National Wildlife Refuge

Kids Dojo

Sierra Club Loma Prieta Chapter offices

Bay Trail

Heritage Oaks Park

Picchetti Winery

Washington Park

Stevens Creek County Park

Cannery Park

McKenzie Park

Fremont Older Open Space Preserve

Encinal Park

De Anza Park

Juana Briones Park

Stevens Creek Shoreline Nature Study Area Preserve

FIELDGUIDES INC.

Deer Hollow Farm trailhead

Grant Park

Adobe Creek

Ridge Vineyards

Byrne Preserve

Stevens Creek Reservoir

Rhus Ridge Trailhead

Vidovich Vineyards

PG&E Trailhead

Picchetti Ranch Open Space Preserve

Redtail Loop Trail

R & W Vineyards

Zinfandel Trail

Fellom Ranch Vineyards

Stevens Creek County Park Lakeshore Picnic Area

Street Names in Mountain View, CA

Aberdeen Ln Ada Ave Adele Ave Aitken Ave Alamo Ct Aldean Ave
Aleynna Pl Alice Ave Alison Ave Alley Way Alta Ave Alvin St
Amalfi Way Amherst Way Amphitheatre Pkwy Ana Privada Andre Ave Andsbury Ave
Anna Ave Annie Laurie Ave Annie Laurie St Anthony Ct Anza St Appletree Ln
Apricot Ln Armand Ave Asbury Way Ashley Pl Astor Ct Avery Dr

Mountain View, CA Zip Codes

94039, 94040, 94041, 94042, 94043, 94085, 94303,

Reverse Mortgage Regulations

HUD – The United States Department of Housing and Urban Development is one of the executive departments of the U.S. federal government. It administers federal housing and urban development laws. They state, “Reverse mortgages are increasing in popularity with seniors who have equity in their homes and want to supplement their income. The only reverse mortgage insured by the U.S. Federal Government is a Home Equity Conversion Mortgage (HECM) which is only available through an FHA-approved lender. The HECM is FHA’s reverse mortgage program that lets you withdraw a portion of your home’s equity.”

Consumer Finance Protection Bureau – The Consumer Financial Protection Bureau is an agency of the United States government responsible for consumer protection in the financial sector. They state, “A reverse mortgage is a special type of home loan only for homeowners who are 62 and older. With a reverse mortgage, the amount the homeowner owes goes up–not down–over time.”

NMSL – The Nationwide Multi-State Licensing System and Registry is the record system for non-depository financial services licensing.

NRMLA – The National Reverse Mortgage Lenders Association (NRMLA) is a professional association that serves as an educational resource for the Reverse Mortgage community. The NRMLA was established in 1997 to promote professionalism and provide support and guidance to lenders and education borrowers. In addition, they prioritize educating consumers on the advantages and disadvantages of obtaining a reverse mortgage, ensuring borrowers make informed decisions.  They also provide training for mortgage professionals, enforce a code of ethics, and advise policymakers on reverse mortgage issues.

Reverse Mortgage Lenders near Mountain View

Call us for a free, no-obligation consultation about your Reverse Mortgage options. One of our licensed professionals will answer your questions without the hassle of a sales pitch. You’ll learn what programs you may qualify for and discover the best options that will suit your situation.

We are proud to serve the residents of Mountain View. We have been in the mortgage lending business since 2002 and would be happy to provide additional testimonials and references to clients we have worked with. We look forward to serving you and welcome the opportunity to meet and discuss your individual needs.

Reverse Mortgage Resource Center
Phone: 385-503-2224

Reverse Mortgage Resource Center – Mountain View

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REVERSE MORTGAGE RESOURCE CENTER ~lIVE lIFE ON yOUR tERMS~


Our Lending Team has been serving our clients since 2004. We are passionate about serving our clients with integrity to help them achieve their financial goals.