Question 1

Do I lose ownership of my San Anselmo home?

Accepted Answer

No. You remain on title and own the home. The lender places a lien — just like a regular mortgage.

Question 2

What happens to the loan when I pass away?

Accepted Answer

Your heirs can sell the home to repay the loan or refinance it. They keep any equity above what's owed.

Question 3

Can I get a reverse mortgage on a high-value Marin home?

Accepted Answer

Yes. Proprietary jumbo reverse products exist for homes that exceed standard HECM limits. We'll identify which product fits.

Question 4

Is HUD counseling really required?

Accepted Answer

Yes — it's mandatory before any HECM closes. It protects you and takes about 60–90 minutes with an approved counselor.

Question 5

Can I take the money as monthly payments instead of a lump sum?

Accepted Answer

Yes. You can choose a lump sum, monthly payments, a line of credit, or a combination. Most San Anselmo borrowers use the line of credit.

Question 6

What if I still have a mortgage balance?

Accepted Answer

The reverse mortgage pays off your existing loan first. The remaining proceeds come to you.

Reverse Mortgages in San Anselmo — Turn Marin Equity Into Income