Question 1

Do I have to sell my home to get a reverse mortgage?

Accepted Answer

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

Question 2

What happens if the loan balance exceeds my home's value?

Accepted Answer

HECM loans are non-recourse. You or your heirs won't owe more than the home sells for.

Question 3

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

Accepted Answer

Yes. HECM limits cap the benefit, but jumbo reverse programs cover higher-value properties. We can show you both options.

Question 4

Is reverse mortgage income taxable?

Accepted Answer

Reverse mortgage proceeds are loan advances, not income. Consult a tax advisor for your specific situation.

Question 5

What if I have an existing mortgage on my Yountville home?

Accepted Answer

The reverse mortgage pays off your existing balance first. Remaining proceeds come to you.

Question 6

How do I receive the funds?

Accepted Answer

You choose — lump sum, monthly payments, a line of credit, or a combination. The right structure depends on your goals.

Reverse Mortgages in Yountville, CA