What families worry about first
These come up in almost every first conversation. Laura answers them before anything else.
Will the bank take my house?
You stay the owner of your home and keep the title. You remain responsible for property taxes, insurance and upkeep.
Will my children be left with a debt?
Ask Laura how repayment works on the federally insured (HECM) loan, including what happens if the balance grows larger than the home's value.
Would I have to move out?
You can live in the home as long as you meet the loan terms. Laura goes through exactly what those are.
Is it too good to be true?
It is a real loan with real costs, and it is not right for everyone. That is why the first step is an honest conversation.
Four steps, at your pace
Nothing is decided on the first call.
Talk it through
A friendly call about your home, your goals and your questions.
See your options
How a reverse mortgage compares with the other choices for your situation.
Bring your family
Your children or advisors are welcome on the call. Everyone should be comfortable.
Decide, or don't
Take as long as you need. If it is not the right fit, that is a good answer.
How it compares
A general view. Your own numbers will differ, and Laura will go through them with you.
| Reverse mortgage | Home equity line (HELOC) | Selling and downsizing | |
|---|---|---|---|
| Monthly mortgage payment | Generally none required | Required | None after the sale |
| Stay in your home | Yes, if you meet loan terms | Yes | No, you move |
| Who it can suit | Homeowners 62+ with significant equity | Those comfortable with a monthly payment | Those ready for a new home |
General information only. Terms, eligibility and costs vary. To be confirmed by Laura before publishing.
Local, across the Peninsula
Redwood City / San Mateo / Burlingame / Hillsborough / Menlo Park / Millbrae / San Carlos / Palo Alto / Mountain View / Los Altos / Los Gatos
Questions people ask
What is a reverse mortgage?
A reverse mortgage is a loan for homeowners aged 62 or older that lets you turn part of your home equity into funds, while you continue to live in the home. Laura can explain how it works for your situation.
Who is it for?
Homeowners who are 62 or older and have built up equity. Whether it makes sense depends on your goals, your finances and your plans for the home.
What does it cost?
There are closing costs and ongoing charges, like any mortgage. Laura lays out the numbers for your home so there are no surprises.
Can my family join the call?
Yes, and many families do. It is often the best way to make sure everyone understands the decision.
Is the first conversation really free?
Yes. The first conversation is free and there is no obligation to continue.
Let's have a conversation
Tell Laura a little about what you are thinking. She will get back to you personally, usually the same business day.
(555) 010-0123