How Reverse Mortgages Work


Tailored to Suit Your Needs

Unlike standard home loans where you make payments to the lender, you receive money from the lender; the money can be provided to you in one lump sum, on a scheduled basis or as a line of credit that you can use as you need.

Repayment of the loan becomes due when you or the last borrower:

  1. Dies
  2. Sells the house or moves to a new residence
  3. Does not live in the house for 12 consecutive months

At that time, the heirs to the home either repay the balance of the reverse mortgage or sell the home to pay off the balance. Any remaining equity in the home remains with the heirs.

(Note: The heirs are not personally liable if the home sells for less than the balance of the reverse mortgage.)


She Will Make it Clear for You

As your licensed, experienced, reverse mortgage specialist, Carol Bertocchini is ready to help you understand why a Home Equity Conversion Mortgage (HEMC) may, or may not, be right for you. When you are ready, Carol will personally guide you through a step-by-step process.


For further information about the process and procedures that come with a reverse mortgage, feel free to contact Carol Bertocchini.


Personal Attention for Your Very Personal Decision

Call Carol now and she will offer all the time you need, at no charge, to make the right decision for yourself or your family.

(650) 453-3244