Question 1

Do I have to make monthly payments on a reverse mortgage?

Accepted Answer

No monthly payments are required. You must keep up with property taxes, homeowner's insurance, and basic maintenance.

Question 2

What happens to the loan when I pass away?

Accepted Answer

Your heirs can sell the home to repay the balance or refinance into a conventional loan. They keep any remaining equity.

Question 3

Can I get a reverse mortgage if I still have a regular mortgage?

Accepted Answer

Yes. The reverse mortgage pays off your existing loan first. You receive whatever proceeds remain after that payoff.

Question 4

Is HUD counseling mandatory in California?

Accepted Answer

Yes. Federal law requires independent HUD-approved counseling before any HECM closes. It protects you — don't skip it.

Question 5

How does King City home value affect my loan amount?

Accepted Answer

Higher appraised value means more available equity. Your age and current interest rates also affect the final amount.

Question 6

Can I be forced out of my home with a reverse mortgage?

Accepted Answer

Not as long as you live there as your primary residence and maintain taxes and insurance. Default on those triggers repayment.

Reverse Mortgages in King City, CA — Turn Equity Into Income