Question 1

Do I have to make monthly payments?

Accepted Answer

No. That's the core feature. You must keep up with taxes, insurance, and basic home maintenance.

Question 2

What happens when I pass away?

Accepted Answer

Your heirs can sell the home, repay the loan, and keep any remaining equity. They have options.

Question 3

Can I get a reverse mortgage on a condo in Visalia?

Accepted Answer

Yes, but the condo must be FHA-approved for a HECM. We check eligibility before you apply.

Question 4

How much can I borrow?

Accepted Answer

It depends on your age, home value, and current interest rates. Older borrowers typically access more equity.

Question 5

Is HUD counseling really required?

Accepted Answer

Yes — it's mandatory before any HECM closes. We help you schedule it. It usually takes about an hour.

Question 6

What if I still have a mortgage on my Visalia home?

Accepted Answer

That's fine. The reverse mortgage pays it off first. You just need enough remaining equity to proceed.

Reverse Mortgages in Visalia, CA — Turn Equity Into Income