Pacific Sky Mortgage

No Monthly Mortgage Payments

A reverse mortgage does not have to be repaid until you sell, move or no longer live in your home.

No Surprise Costs

During the application process, you’ll receive a clear and detailed breakdown of all fees and closing costs, including the total loan costs over the projected life of the loan.

No Prepayment Penalty

Although a Reverse loan is not due until the borrower permanently vacates the home, it can be paid off at any time, with no additional fees.

How Much Money Can I Get?

This is determined by the age of the youngest borrower, or eligible Non-Borrowing Spouse, your home value, the amount of equity, FHA lending limits, the current interest rate, and the reverse mortgage product and payment option you choose.

Asset Protection

After the loan is repaid, any remaining equity belongs to you or your heirs.

Am I Eligible?

To be eligible for a reverse mortgage:

All titleholders must be age 62 or older.

The home must be the borrowers' primary residence, and must meet Federal Housing Authority (FHA) minimum property standards.

You must have sufficient home equity. A Senior Mortgage Broker from Pacific Sky Mortgage can tell you if you have enough home equity to qualify.

For a FREE CONSULTATION to find out about YOUR ELIGIBILITY and to learn more about the benefits of a reverse mortgage and how it may help you secure long-term financial independence, please contact us.