C2 Certified Reverse Mortgage Specialist

NMLS #242792 | DRE #0118730

C2 Financial Albany, CA Branch NMLS#: 1899037 | DRE #01821025


What are Proprietary or “Jumbo” Reverse Mortgages?

A proprietary reverse mortgage, often called a “Jumbo Reverse”, is a non-FHA reverse mortgage originated by a private lender, that often has more flexible guidelines and different features than an FHA insured reverse mortgage. Here are a few ways “Jumbo Reverse...

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What are the Reverse Mortgage Safeguards?

Since Congress created the FHA Reverse Mortgage in 1989, many Reverse Mortgage safeguards have been put in place to protect Senior Homeowners. Counseling by an independent 3rd party is required and typically takes about an hour and is done over the phone. A “senior...

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What are Some of the Unique Features of a Reverse Mortgage?

What are some of the unique features of a reverse mortgage? A reverse mortgage is a “non-recourse loan”, meaning that the borrowers have no personal liability for the loan, so responsibility for repayment is transferred from the borrower to the home. Since the home...

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When does a Reverse Mortgage Become Due for Payoff?

Under what circumstances would a reverse mortgage become due for payoff? One is when the last borrower moves out for more than a year, passes away or the home is no longer their primary residence. Another scenario would be if the property taxes or homeowner’s...

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What are the Eligibility Requirements for a Reverse Mortgage?

What are the eligibility requirements for a reverse mortgage? For an FHA Reverse Mortgage, the youngest borrower must be at least 62 or at least 55 for a “Jumbo” non-FHA reverse mortgage. They must have 50-60% in home equity - or more - and it must be their primary...

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Why is it Called a Reverse Mortgage?

Let’s examine exactly what the term “reverse mortgage” means… and how it works differently from a traditional mortgage. When you make a payment on your traditional mortgage, the balance goes down a painfully small amount each month. But, with a reverse mortgage, you...

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How do Homeowners Use Reverse Mortgages?

Senior homeowners are finding that a reverse mortgage can be a cost-effective way of addressing some of their biggest financial concerns. For example, a reverse mortgage improves cash flow in retirement - free of income tax – allowing homeowners to pay off their...

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What are the Common Misconceptions about Reverse Mortgages?

Here are some of most common misconceptions about reverse mortgages. You do not have to give up the title of your home – you remain the owner – and you don’t have to own your home outright to qualify for a reverse mortgage. A reverse mortgage is not a loan of last...

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What is a Reverse Mortgage?

There are lots of misconceptions about reverse mortgages, particularly among senior homeowners. A reverse mortgage can help senior homeowners who are equity rich – but need the liquidity of additional cash flow - to help fund their retirement. A reverse mortgage...

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Why Work with a CRMP?

Reverse mortgages are a versatile financial tool that have been used by over one million homeowners to enhance their financial security in retirement.  When selecting a loan officer, you should consider working with a Certified Reverse Mortgage Professional, or...

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