4252380339

Retire well by having your house take care of you!

  • If you or someone you know who is a homeowner and 62 years or older, a reverse mortgage may be a way to live a better retirement. This loan should not be discounted when planning for retirement. In 2015, FHA/HUD make dramatic changes to the reverse mortgage program, making the reverse mortgage one of the safest, most regulated loans in the market today.
  • A borrower must now qualify for the loan. Residual Income is easier to qualify than DTI.
  • Eligible Non-borrowing spouses can now have rights to the reverse mortgage after the death of the borrower. Some conditions apply.
  • A Life Expectancy Set-Aside (LESA) can be used to pay property taxes and hazard insurance.
  • HUD as limited the amount of equity a borrower can get at closing.
  • HUD as limited the amount of lump sum equity a borrower can get a closing.
  • Since these 5 changes were implemented, forclosures are down 75% in the past 9 years.

Reverse Mortgage Basics

  • At least one homeowner be at least 62 years old
  • One borrower must own the home and be on title
  • The home must have a significant amount of equity
  • The home must be the borrower's primary residence. 2nd home and investment properties, not eligible
  • Single Family, Townhomes, 2-4 units, manufactured homes, some condos
  • The borrower/s must attend FHA required loan counseling

A Reverse Mortgage can be used for the following:

  • Eliminate your monthly Principal and Interest Payment.
  • Establish an Emergency Line of Credit.
  • Receive Monthly Payment from your equity.
  • Help pay medical expenses.
  • Pay for in-home health care.
  • Help pay for children or grandchildren college expenses
  • Pay off credit card debts
  • Pay for needed home repairs and remodeling
  • Help pay for Medicare Part B and Part D Costs
  • Help cover monthly living expenses.
  • Help pay for Property Taxes and Harzard Insurance
  • Take funds from your equity instead of paying taxes on our 401K withdrawals.

Here's my 3-step plan to empower you in your retirement.

Step 1
Get Educated- I'll explain how reverse mortgages work and how you'll benefit.
Step 2
Get the loan that fits your needs: I'll get you the best loan available with below market interest rates allowing you to get more equity from your home.
Step 3
Get the cash you need - So you can start living the retirement of your dreams, on your terms.
Todd Warren Zurik CRMP, Certified Reverse Mortgage Professional NMLS# 120120 C2 Financial, NMLS ID# 135622 12230 El Camino Real #100 San Diego, CA 92130 425-238-0339 tzurik@C2financial.com C2 NMLS #135622 | C2 FL #MBR3519 | C2 ID #MBL-9475 | C2 TX #135622 | C2 WA #MB-135622 | NMLS #120120 | CO #100508968 | FL #LO35336 | ID #MLO-2080120120 | TX #120120 | WA #MLO-120120 www.c2financial.comwww.nmlsconsumeraccess.org www.C2financialcorp.com/tzurik This licensee is performing acts for which a real estate license is required. C2 Financial Corporation is licensed by the California Bureau of Real Estate, Broker # 01821025; NMLS # 135622. Loan approval is not guaranteed and is subject to lender review of information. All loan approvals are conditional and all conditions must be met by borrower. Loan is only approved when lender has issued approval in writing and is subject to the Lender conditions. Specified rates may not be available for all borrowers. Rate subject to change with market conditions. C2 Financial Corporation is an Equal Opportunity Mortgage Broker/Lender. For state licensing information outside of California, click here. As a broker, C2 Financial Corporation is NOT individually approved by the FHA or HUD, but C2 Financial Corporation is allowed to originate FHA loans based on their relationships with FHA approved lenders. Corporate Address: 12230 El Camino Real Suite #100 San Diego, CA 92130 Consumers in Texas: Consumers wishing to file a complaint against a company or a residential mortgage loan originator should complete and send a complaint form to the Texas Department of Savings and Mortgage Lending, 2601 North Lamar, Suite 201, Austin, Texas 78705. Complaint forms and instructions may be obtained from the department's website at www.sml.texas.gov. A toll-free consumer hotline is available at (877) 276-5550. The department maintains a recovery fund to make payments of certain actual out of pocket damages sustained by borrowers caused by acts of licensed residential mortgage loan originators. A written application for reimbursement from the recovery fund must be filed with and investigated by the department prior to the payment of a claim. For more information about the recovery fund, please consult the department's website at www.sml.texas.gov This material is not provided by, nor was it approved by the Department of Housing & Urban Development (HUD) or by the Federal Housing Administration (FHA). It is not intended to be a substitute for legal, tax or financial advice. Consult with a qualified attorney, accountant or financial advisor for additional legal or tax advice.
*There are some circumstances that will cause the loan to mature and the balance to become due and payable. The borrower(s) must continue to pay for property taxes and insurance and maintain the property to meet HUD standards or risk default. Credit is subject to age, minimum income guidelines, credit history, and property qualifications. Program rates, fees, terms and conditions are not available in all states and subject to change.