Are you 62+ and a homeowner with 50% or more equity?
Is a REVERSE MORTGAGE right for you?
YOU DON'T NEED A
"SALES PITCH"
YOU NEED INFORMATION!
We are a full service Mortgage Lender with all the loan products you can imagine.
We are a full service Mortgage Lender with all the loan products you can imagine.
We are a full service Mortgage Lender with all the loan products you can imagine.
Corporate office:
1805 E Garry Ave
Santa Ana, CA 92705
NMLS: 0236669 BRE: 14655488
**Rates, fees and programs are subject to change without notice. Not all applicants will qualify. Restrictions apply.
Testimonials
We are a full service Mortgage Lender with all the loan products you can imagine.
We are a full service Mortgage Lender with all the loan products you can imagine.
"John gave me my retirement back! I was over my head with my mortgage payment and a few small debts and had so very little left at the end of the month I couldn't spend the time with my grandchildren that I wanted to. My reverse mortgage freed up much of my pension income and now I'm enjoying my life! Thank you again John." Sandy
"We have relied on John for our mortgage services for over 15 years and have financed and refinanced our many properties with absolute trust" Raj & Anna
"If you want a lender you can trust, John Murphy is heads above the competition. John's been my "go to" mortgage broker for years now. Jack M
FAQs
FAQs
Contact "your friend in the mortgage business," John V Murphy
We will explore the potential benefits and "pitfalls" of the reverse mortgage products.
Book your phone interview by clicking the "BOOK" icon near John's picture above, or, call me at 951-365-2832
© 2021 Arbor Financial Group | 866.639.6554 | Restrictions may apply. Program rates, prices, guidelines, fees, costs, terms and conditions are subject to change without notice. Not intended to solicit buyers or sellers currently under contract with a brokerage. Whole or partial reproduction is forbidden without written permission from the publisher. The Turnkey Foundation, Inc. Arbor Financial Group. Equal Housing Lender. NMLS# 236669 | DRE# 01845041 *Consult your tax advisor regarding tax free status of loan proceeds. While no mortgage payments are required under reverse mortgage loans, borrowers will be responsible for maintaining the real estate property taxes, hazard insurance premiums and homeowner’s association fees current as well as expenses for the maintenance and upkeep of the property. Not all applicants will be approved. For HUD HECMs applicants must be 62 years of age, have sufficient equity in the home, and meet other HUD guidelines.
FAQs
FAQs
FAQs
Common Misconceptions about HECM's
- The lender will own your home: Homeowners retain title and ownership of their home and can choose to sell it at any time. When the last borrower dies, the heirs would have the opportunity to sell the home as well.
- The borrower will owe more than the value of their home: The non-recourse feature prevents this from ever happening. FHA's mortgage insurance ensures that homeowners will not owe more than the value of the home at the time it is sold. In fact, upon the death of the last borrower, the maximum payoff may be 5% less than the home's value.
- The children will be stuck with the bill: The non-recourse provisions also extend to the heirs, meaning they too will not owe more than the home's value. There's no recourse for any deficiency, and the heirs can sell or refinance the home if they wish. FHA takes the risk of the loan balance exceeding the home's value.
- If the borrower outlives life expectancy, they will lose the home: Foreclosure can happen, often for reasons unrelated to the mortgage, like delinquent property taxes. But there is no term limit on reverse mortgages. The borrower still owns the home, and the reverse mortgage continues regardless of age, property value, or loan balance.