Galen Call Reverse Mortgage Specialist Monterey California

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Galen Call June 16, 2021

Understanding the Reverse Mortgage and How to Best Use This Unique Financial Tool

Understanding the Reverse Mortgage and How to Best Use This Unique Financial Tool

How does a reverse mortgage work, and when is it appropriate for a homeowner to get one? Here is what you need to know.

What is a Reverse Mortgage?
In short, a reverse mortgage is a type of home loan secured by a primary residence, where repayment is deferred to a later date – generally when the home sells. This loan allows you to convert some of the equity in your home without having to sell your home.

The Benefits ~ Why this option?

  • Remain independent aging in place and afford home health care.
  • Increase monthly cash flow, pay off an existing mortgage, credit card or other debt.
  • Cover expenses vs selling off other assets.
  • Have a standby line of credit (LOC) for life’s surprises for example health care, home remodeling, adult children’s needs.
  • Delay social security to age 70
  • Bridge the gap in retirement planning caused by the recession, depressed assets, premature job loss, low-interest returns on the portfolio, etc.
  • Extend the life of other assets under management.
  • Deferred home maintenance.
  • Buy a new car or travel.
  • Create a larger estate for their heir with proper estate planning.
  • Older adults do not want to be a financial burden on their children.

How to Make a Reverse Mortgage Work for You?
To learn more about reverse mortgages, contact your local certified Reverse Mortgage Professional  (CRMP) for guidance and expertise.

 

Filed Under: Reverse Mortgages Tagged With: reverse mortgage, Reverse Mortgage Pros, Reverse Mortgages Explained

About Galen Call

Galen Call is a Certified Reverse Mortgage Professional (CRMP) in Monterey, California. She manages the Reverse Mortgage Division at TreeHouse Mortgage Group, a Division of American Pacific Mortgage Corporation (CALDRE #01215943 | NMLS# 1850). Galen can be reached at 831-645-1164 or by email.

Galen has been originating reverse mortgage loans since 2006 and active in the mortgage lending industry since 2003. She helps clients aged 62 and older with Home Equity Conversion Mortgages (HECM) and proprietary jumbo reverse mortgage loans. Galen brings a proactive and collaborative approach to reverse mortgage lending.

GALEN CALL
Manager, Reverse Mortgage Division
American Pacific Mortgage Corporation
dba TreeHouse Mortgage Group
Call Today: 831-645-1164
Fax: 831-643-1161
Galen@TreeHouseMortgage.com
NMLS #226129 | DRE #00908338
APMC DRE #01215943 | APMC NMLS #1850

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California zip codes served: 93940, 93901, 93905, 93908, 93921, 93933, 93943, 93950, 93953, 93955, and 93962

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Copyright © 2021 American Pacific Mortgage Corporation. For informational purposes only. No guarantee of accuracy is expressed or implied. Programs shown may not include all options or pricing structures. Rates, terms, programs and underwriting policies subject to change without notice. This is not an offer to extend credit or a commitment to lend. All loans subject to underwriting approval. Some products may not be available in all states and restrictions may apply. Equal Housing Opportunity.

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Monterey, CA 93940
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