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Introducing a powerful new retirement financing tool that may allow you to maximize your home equity:

the HomeSafe® reverse mortgage products

HomesAFE® reverse Mortgage

Similar to a jumbo loan, if you are age 62 or older, you may be able access significantly more home equity than the HECM loan limits allow. That could help you fund a more comfortable and secure retirement while keeping productive assets invested under your management.

HomeSafe® loan proceeds are tax-free,* with a competitive fixed interest rate that’s lower than you might expect.

Compared to a Home Equity Conversion Mortgage (HECM), HomeSafe® can offer these great advantages:

  • Loan limits of up to $4 million —significantly higher than a HECM allows

  • No mortgage insurance premium

  • No initial disbursement limitation—you can take the full amount at closing

  • Condominiums appraised at $500,000 or more do not require FHA approval

Use your proceeds as you choose.

For example:

  • Pay off existing mortgage debt, have no monthly mortgage payments** and improve cash flow

  • Preserve invested assets

  • Cover medical or in-home care expenses

  • Refinance an existing reverse mortgage to access a larger pool of funds

Quote By: Barry Sacks, CA tax attorney

Quote By:
Barry Sacks, CA tax attorney

““If you draw from a reverse mortgage credit line and allow a volatile portfolio to recover, there’s a far better chance there will be money flowing through a 30-year retirement.”
”

OTHER HOMESAFE® REVERSE MORTGAGE PRODUCTS

HomeSafe® Select Line of Credit

Proprietary adjustable rate reverse mortgage loan that uniquely features a permanent Line of Credit with a 5% growth feature on loans amounts up to $4 million. This provides my clients the freedom and flexibility to access their funds as they wish. With no monthly mortgage payments, borrowers can now have additional peace of mind that they can access cash for planned and unplanned needs.

  • Unlike the FHA HECM product, there’s no upfront or monthly Mortgage Insurance Premium

  • Same non-recourse product feature as the FHA HECM product

  • Available for Condos on a case-by-case basis

  • Significantly lower closing costs than the FHA HECM

  • 25% draw requirement at closing

HomeSafe® Second

Clients with an existing mortgage can access more funds without refinancing that loan.  This second mortgage allows you to keep and maintain the low interest rate on your existing first mortgage. Unlike most home equity lines of credit (HELOC) that have 10-14 year terms, require payments and are adjustable rate, this is a permanent fixed rate loan, and there are no monthly mortgage payments required.

  • Receive a lump sum payment at closing

  • Loan amounts of up to $4 million, including first lien on properties valued up to $10 million

  • Same non-recourse product feature as the FHA HECM product

  • No mortgage insurance premium

To learn more about the HomeSafe® reverse mortgage products and our other proprietary reverse mortgage offerings, please call me at 951-805-0063 or email me by clicking on the “Contact Us” button.

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* Not tax advice. Consult a tax professional.

** The borrower must meet all loan obligations, including living in the property as the principal residence and paying property charges, including property taxes, fees, hazard insurance. The borrower must maintain the home. If the homeowner does not meet these loan obligations, then the loan will need to be repaid.

This material is not from HUD or FHA and has not been approved by HUD or any government agency.

The HomeSafe® reverse mortgage is a proprietary product of Finance of America Reverse LLC, and is not affiliated with the Home Equity Conversion Mortgage (HECM) program.

HomeSafe® is currently available in AZ, CA, CO, CT, DC, FL, HI, IL, LA, NJ, OR, PA, RI, SC, TX, VA, WA.

All loan approvals are conditional, not guaranteed and subject to lender review of all information. Loan is conditionally approved when lender has issued approval in writing, but until all conditions are met, loan cannot be funded. Specified rates may not be available for all borrowers. Rate subject to change with market conditions. C2 Financial Corporation is an Equal Opportunity Mortgage Broker/Lender. In California, This licensee is performing acts for which a real estate license is required. C2 Financial Corporation is licensed by the California Bureau of Real Estate, Broker # 01821025; NMLS # 135622. For state licensing information outside of California, visit www.c2financialcorp.com. C2 Financial Corporation is approved to originate VA and FHA loans, and has the ability to broker such loans to VA and FHA approved lenders. C2 Financial Corporation is not acting on behalf of or at the direction of HUD/FHA or the VA.
This information is not intended to be a substitute for legal, tax or financial advice. Consult with a qualified attorney, accountant or financial advisor for additional legal or tax advice. These materials are not from HUD or FHA and were not approved by HUD or a government agency. * There are some circumstances that will cause the loan to mature and the balance to become due and payable. The borrower(s) must continue to maintain the home as their primary residence, pay for property taxes and insurance and maintain the property to meet HUD standards or risk default. Credit is subject to age, minimum income guidelines, credit history, and property qualifications. Program rates, fees, terms, and conditions are not available in all states and subject to change.