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Kathy Halliday
530-319-5320 Contact Me
Reverse Mortgage Professional | NMLS #353828 | 530-319-5320
Thank you so much for visiting my website!
I've been able to help clients obtain additional funds for everything from more vacation time to saving their homes from foreclosure, and everything in between.
A reverse mortgage can be an effective means for an array of financial wants or needs that adults over 62+ often have.
However, it is not a decision to be taken lightly. It's important to work with an experienced originator who can help you assess your unique situation to determine if a reverse mortgage is right for you.
I have the privilege of representing Mutual of Omaha Mortgage in Redding, CA - one of the top 5 most trusted reverse mortgage lenders in the nation - and I would love to get to know you and provide you with a no-strings-attached reverse mortgage consultation.
You'll find a lot of educational material on my website, so please browse around to learn more about this unique mortgage loan. Also, you can always contact me directly to set up a meeting. I would love to be a direct source of information to you.
I look forward to serving you.
A reverse mortgage is a safe, effective way to access equity as a non-recourse, HUD/FHA loan. It enables people 62 and over to access a portion of the equity in their homes for many different purposes such as paying off a mortgage, paying off credit cards or other debt, creating a lifetime income, and or setting up a line of credit that grows and builds up over time creating more borrowing power for the client. all of these things can assist a person in retirement planning and setting up a strong financial position.
It is a refinance of your home where a client pulls out equity and does not need to pay it back. There is Counseling, an application, and appraisal to ensure a legal process of obtaining the equity while the client retains full title and ownership of the home.
The homeowner can refinance out of the reverse mortgage into a traditional loan or sell their home and move while taking the remaining equity with them or they can simply make monthly payments against the reverse mortgage balance, or pay it off in one lump sum.
The amount of money a person qualifies for is based on the age of the youngest borrower, home value and the interest rate at the time of the application. Every situation is different, please call me for a quick quote.
Homeowners 62 and older--Additional information is needed to determine specifics as on some cases when a spouse is younger than 62, you may still qualify.
It really depends on the age of the youngest homeowner on the title, the interest rate, and the home value--Call for a quick quote today.
Your children/heirs will inherit your home when you or the last remaining borrower passes away, Your heirs will then have the choice of selling the home and taking the remaining equity or paying off the Reverse Mortgage balance by refinancing out of the reverse mortgage.
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Borrower must occupy home as primary residence and remain current on property taxes, homeowner's insurance, the costs of home maintenance, and any HOA fees.
Mutual of Omaha Mortgage, Inc., NMLS ID 1025894. 3131 Camino Del Rio N 1100, San Diego, CA 92108.
www.mutualreverse.com
Kathy Halliday is a Reverse Mortgage Loan Originator located in Redding, and serving Anderson, Red Bluff, Corning, Chico, Trinity County, Susanville, Mt. Shasta, Dunsmuir, Yreka, Paradise, Magalia, Burney, Eureka, Arcata, and the surrounding Northern California area.
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