Reverse Mortgages - Central Coast Capital - LOCAL Monterey Mortgage Brokers SINCE 2013
Reverse mortgages in Monterey are home loans that allow older homeowners to borrow against their home's equity. Unlike a traditional loan, a reverse mortgage doesn't require the homeowner to make monthly mortgage payments. Instead, the borrower receives money from the lender either monthly, via a line of credit, or in a single lump sum at closing.
An easy way to think of a reverse mortgage is as an advance on your home's eventual sale. The lender sends you the money, either in monthly payments, periodic withdrawals or as a lump sum. When you die or sell your house, you or your heirs will repay the loan out of your home's sale proceeds.
During your reverse mortgage term, you won't need to make payments to your lender — although you can if you prefer. However, you must stay current on property taxes, insurance and homeowners association dues to avoid liens. You must also maintain the property. If your roof needs replacing, it falls on you to pay for it. If you fail to meet these obligations, your lender could call your loan due or even foreclose on your house.
Reverse mortgages in Monterey are typically reserved for borrowers 62 and up (though some lenders allow for ages down to 55). Homeowners often use them to reduce their monthly housing costs or increase their income in retirement.
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The Central Coast Capital Mission Statement
The Central Coast Capital mission is to provide first-class mortgage solutions for our customers, with transparent processing and closing, for rapid approval and on time fundings. We feel strongly about giving our customers the highest level of customer service. We aren’t successful if our clients aren’t successful. We aim to treat everyone like family. That’s our difference.
Local Monterey Mortgage Brokers Specializing In:
- Jumbo Loans
- Conventional Loans
- Refinance Loans
- Fixed Rate Mortgages
- Adjustable Rate Mortgages
- FHA Loans
- VA Loans
- USDA Loans
Reliable & Honest Monterey Mortgage Brokers
When you're living in Monterey County, Santa Cruz County, San Benito County or any of the surrounding areas, trust your mortgage needs to Central Coast Capital. Honesty and integrity are very important to Central Coast Capital. We feature top quality mortgage solutions, personalized care and a pleasurable process that takes the stress out of getting a mortgage. Central Coast Capital specializes in the Monterey Bay area and takes pride in being a locally owned company.
When you need a tried and true Monterey Mortgage specialist, Central Coast Capital is here to serve you.
Getting a home loan has never been easier in the following areas of California:
- Monterey Bay
- Monterey County
- Santa Cruz County
- San Benito County
- Carmel
- Monterey
- Seaside
- Marina
- Pebble Beach
- Pacific Grove
- Del Monte Forest
- Del Monte Heights
- Salinas
- Prunedale
- Castroville
- Pajaro
- Spreckels
- Santa Cruz
- Watsonville
- Scotts Valley
- Capitola
- Soquel
- Rio Del Mar
- Aptos
- Felton
- La Selva Beach
- Royal Oaks
- Freedom
- Hollister
- San Juan Bautista
- Del Rey Oaks
- Sand City
- Carmel Highlands
- Hacienda Carmel
- Quail Meadows
- San Benancio
- Ambler Park
- Corral de Tierra
- Serra Village
- Oak Hills
- Moss Landing
- Cottage Corners
- River Oaks
- Live Oak
- Twin Lakes
- Pasatiempo
- Day Valley
- Corralitos
- Monte Toyon
- Shangri La Estates
- Camp Evers
- Interlaken
- Johnston Corner
- Logan
- Aromas
- Amesti
- Bethany Park
- Glen Arbor
- Ben Lomond
- Olympia
- Mission Springs
- Seabright
- Davenport
- Colache Town
- Las Lomas
- Carmel Valley Village
- Rancho Tierra Grande
- Aptos Hills-Larkin Valley
All Surrounding Towns, Neighborhoods & Communities
If you are looking for local Monterey mortgage brokers who are honest and always available, call 831-324-3910 or contact Central Coast Capital online.