What Is a Reverse Mortgage?

A Reverse Mortgage—also known as a Home Equity Conversion Mortgage (HECM)—is a specialized loan designed for homeowners aged 62 and older. It allows you to convert a portion of your home’s equity into tax-free* cash without having to sell your home, give up ownership, or make monthly mortgage payments.

Why Consider a Reverse Mortgage?

• Eliminate your current mortgage payment
• Supplement your retirement income
• Cover healthcare or long-term care expenses
• Delay drawing down retirement accounts
• Establish a growing line of credit for future use

Our Approach: Personalized, Local, and Experienced

At Nevada County Mortgage, we bring over two decades of Reverse Mortgage experience to the table. We don’t just process loans—we take the time to educate, compare options, and ensure you and your family feel confident in your decision.

• In-person consultations
• Detailed program comparisons to maximize your benefit
• Clear explanations on how interest rates impact your credit line and available equity
• A no-pressure, personalized approach to help you decide if a Reverse Mortgage is the right fit

“Many of our clients tell us they wish they had explored this option sooner.” — Paul, Mortgage Advisor

A Valuable Tool for Financial Advisors

If you’re a financial advisor assisting a senior client, we’re here as a trusted partner. A HECM can:

• Extend the longevity of retirement portfolios
• Serve as a buffer asset during market downturns
• Provide cash flow flexibility without triggering capital gains

We’re happy to coordinate with your client’s financial team to ensure the best strategic use of home equity.

Common Questions About Reverse Mortgages

Do I keep ownership of my home?

Yes—you remain the owner and continue to live in your home as long as it's your primary residence and you meet loan obligations (like taxes and insurance).

Will I still have to make a mortgage payment?

No monthly mortgage payments are required. The loan is repaid when the home is sold or no longer your primary residence.

Can I choose how I receive the funds?

Yes—options include a lump sum, monthly payments, a growing line of credit, or a combination.

Let’s Talk in Person

The best way to see if a Reverse Mortgage is right for you is to speak with us directly. We’re here to walk you through it, explain the numbers, and answer all your questions—face to face if you’d like.

📞 Call us today to schedule your free, no-obligation consultation: 530-274-0916

Testimonials

📍 “Paul took the time to explain everything clearly. I now have peace of mind in my retirement.”

📍 “Their professionalism and personal touch made all the difference. Highly recommend!”

— See more on Google Reviews

We’re your local experts—ready to help every step of the way.