Leading Reverse Mortgage Broker in Orange County & Beyond

When used properly, a reverse mortgage is a wonderful tool for those over 55 years of age. Homeowners can use a reverse mortgage to convert their hard-earned equity into cash. It can also be used to refinance a standard mortgage into a reverse mortgage to eliminate the need to make monthly mortgage payments in the future.

You can use the money from a reverse mortgage on your home in Orange County or located elsewhere in California to either to purchase a new home or refinance your existing home, pay off debt, make home improvements, or pay for long-term care. In some situations, a reverse mortgage can be used to cure a mortgage default and save your home.

We’re Attorneys Too

As attorney/mortgage brokers, we’ll help you find the best reverse mortgage for your situation and make sure you get the full benefits available. We are also able to address the many myths about reverse mortgages, which may have kept you from finding out how a reverse mortgage may be perfect for your situation.

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The Advantages of a Reverse Mortgage

Help secure your retirement by converting equity to cash

A reverse mortgage can be perfect for retirees who do not have a lot of available cash but do have built-up equity in their homes. A reverse mortgage will allow you to convert otherwise inaccessible equity into cash that can be used to cover expenses in retirement (such as credit card bills, medical debts, home repairs, or basic living expenses)

Consolidate your debt or pay it off altogether

Even if you're in default on your debt, it doesn't matter since your credit is irrelevant to your ability to qualify for a reverse mortgage (provided you have enough equity in your home).

Buy a new home or income-producing property

Use the cash from the reverse mortgage to purchase a new primary residence or an income-producing property without needing to make any mortgage payments for the rest of your life.

Pay off your existing home loan and potentially eliminate monthly mortgage payments

You can use the money from a reverse mortgage to pay off an existing mortgage. This will free up your money to pay other living expenses or secure your retirement. With a reverse mortgage, you don’t have to make monthly mortgage payments because you can opt to have the mortgage payment(s) added to the balance of your reverse mortgage.

Cure mortgage defaults and avoid foreclosure

If your current mortgage is in default or even in foreclosure, a reverse mortgage can be used to cure the default, remove the foreclosure, and pay off the entire home loan. You may even be able to get some cash, too!

You still own your home and can sell it as you wish

There are rumors that the lender will take your home from you. This is a false statement as long as you pay your property taxes and homeowners insurance premiums, remain in your home as your primary residence and maintain the property. It is YOUR decision when you sell the home, if ever.

Am I Eligible?

To apply for a reverse mortgage with a lender you need to:

  • Be 55 or over
  • Have significant equity in your home
  • Occupy the home as your primary residence for the life of the reverse mortgage
  • Undergo counseling with a HUD-approved mortgage counselor

Contact us today to go over your options and start an application for a reverse mortgage!

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Common Questions About Reverse Mortgages

The Nikkael Advantage: Attorney Owned and Operated

As an attorney-owned and operated mortgage company, we owe our clients a higher ethical obligation than a traditional mortgage broker. That means our clients have a better experience, with superior service, and an outcome that meets their needs, not ours.

No situation is too complex

No situation is too complex

With a real estate attorney at the helm, there is no situation that is too unique or complex for us to handle. Our highly trained team specializes in complex loans.

We’re also real estate attorneys

We’re also real estate attorneys

Nikkael Home Loans is owned and operated by attorneys who know how to work through challenging matters to find the best solution for you.

There’s no pressure

There’s no pressure

We won’t sell you on a loan—instead, we will educate and inform you about the best options to match your needs.

Robert R.
El Cajon, CA
I was extremely impressed with your handling of the loan – I don’t say that very often. Thanks again.
Elizabeth R.
Los Angeles, CA
We are very grateful to have you as our broker, you have helped us a lot and done a great job from the very beginning.
Allen K.
Sherman Oaks, CA
You did a wonderful job, I don’t think anyone else would have taken the time and put in the effort to get my loan closed.

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Want More Information About a Reverse Mortgage?

We’re a top reverse mortgage broker in Orange County, and we’re armed with answers to all your questions. Contact us today!

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