Question 1

Do I lose ownership of my home with a reverse mortgage?

Accepted Answer

No. You stay on title and keep ownership. The loan is repaid when you sell, move out, or pass away.

Question 2

Can I get a reverse mortgage on a Larkspur condo?

Accepted Answer

Yes, but the condo must be FHA-approved for a HECM. Jumbo reverse options may have more flexible condo rules.

Question 3

What happens if I outlive the loan?

Accepted Answer

You can stay in the home as long as it's your primary residence. The loan does not become due while you live there.

Question 4

How much equity can I access?

Accepted Answer

It depends on your age, home value, and current rates. Older borrowers with more equity generally access a higher percentage. Rates vary by borrower profile and market conditions.

Question 5

Is a jumbo reverse mortgage the right call in Marin County?

Accepted Answer

If your home value exceeds FHA lending limits, a jumbo reverse mortgage may access significantly more equity. We compare both products for every Larkspur client.

Question 6

What are my payout options?

Accepted Answer

You can take a lump sum, monthly payments, a credit line, or a combination. The right structure depends on your income needs.

Reverse Mortgages in Larkspur, CA