Kathy Halliday530-319-5320 Contact Me
Thank you so much for visiting my website!
I've been able to help clients obtain additional funds for everything from more vacation time to saving their homes from foreclosure, and everything in between.
A reverse mortgage can be an effective means for an array of financial wants or needs that adults over 62+ often have.
However, it is not a decision to be taken lightly. It's important to work with an experienced originator who can help you assess your unique situation to determine if a reverse mortgage is right for you.
I have the privilege of representing Mutual of Omaha Mortgage in Redding, CA - one of the top 5 most trusted reverse mortgage lenders in the nation - and I would love to get to know you and provide you with a no-strings-attached reverse mortgage consultation.
You'll find a lot of educational material on my website, so please browse around to learn more about this unique mortgage loan. Also, you can always contact me directly to set up a meeting. I would love to be a direct source of information to you.
I look forward to serving you.
A reverse mortgage is a safe, effective way to access equity as a non-recourse, HUD/FHA loan. It enables people 62 and over to access a portion of the equity in their homes for many different purposes such as paying off a mortgage, paying off credit cards or other debt, creating a lifetime income, and or setting up a line of credit that grows and builds up over time creating more borrowing power for the client. all of these things can assist a person in retirement planning and setting up a strong financial position.
It is a refinance of your home where a client pulls out equity and does not need to pay it back. There is Counseling, an application, and appraisal to ensure a legal process of obtaining the equity while the client retains full title and ownership of the home.
The homeowner can refinance out of the reverse mortgage into a traditional loan or sell their home and move while taking the remaining equity with them or they can simply make monthly payments against the reverse mortgage balance, or pay it off in one lump sum.
The amount of money a person qualifies for is based on the age of the youngest borrower, home value and the interest rate at the time of the application. Every situation is different, please call me for a quick quote.
Homeowners 62 and older--Additional information is needed to determine specifics as on some cases when a spouse is younger than 62, you may still qualify.
It really depends on the age of the youngest homeowner on the title, the interest rate, and the home value--Call for a quick quote today.
Your children/heirs will inherit your home when you or the last remaining borrower passes away, Your heirs will then have the choice of selling the home and taking the remaining equity or paying off the Reverse Mortgage balance by refinancing out of the reverse mortgage.
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Borrower must occupy home as primary residence and remain current on property taxes, homeowner's insurance, the costs of home maintenance, and any HOA fees.
Mutual of Omaha Mortgage, Inc., NMLS ID 1025894. 3131 Camino Del Rio N 1100, San Diego, CA 92108.
Licensed by The Department of Financial Protection and Innovation under the California Residential Mortgage Lending Act, License 4131356
Alabama Consumer Credit License 22123; Alaska Broker/Lender License AK1025894. Arizona Mortgage Banker License 0926603; Arkansas Combination Mortgage Banker/Broker/Servicer License 109250; Licensed by The Department of Financial Protection and Innovation under the California Residential Mortgage Lending Act, License 4131356; Colorado Mortgage Registration 1025894; Connecticut Mortgage Lender License ML-1025894; Delaware Lender License 028515; District of Columbia Mortgage Dual Authority License MLB1025894; Florida Mortgage Lender Servicer License MLD1827; Georgia Mortgage Lender License/Registration 46648; Hawaii Mortgage Loan Originator Company License HI-1025894; Idaho Mortgage Broker/Lender License MBL-2081025894; Illinois Residential Mortgage Licensee MB.6761115; Indiana-DFI Mortgage Lending License 43321; Iowa Mortgage Banker License 2019-0119; Kansas Mortgage Company License MC.0025612; Kentucky Mortgage Company License MC707287; Maine Supervised Lender License 1025894; Maryland Mortgage Lender License 21678; Massachusetts Mortgage Broker and Lender License MC1025894; Michigan 1st Mortgage Broker/Lender/Servicer Registrant FR0022452; Minnesota Residential Mortgage Originator Exemption MN-OX-1025894; Mississippi Mortgage Lender 1025894; Missouri Mortgage Company License 19-2472; Montana Mortgage Broker and Lender License 1025894; Nebraska Mortgage Banker License 1025894; Nevada Exempt Company Registration 4830. Licensed by the New Hampshire Banking Department, Mortgage Banker License 19926-MB; Licensed by the New Jersey Banking and Insurance Department. New Jersey Residential Mortgage Lender License 1025894; New Mexico Mortgage Loan Company License 1025894; North Carolina Mortgage Lender License L-186305; North Dakota Money Broker License MB103387; Ohio Residential Mortgage Lending Act Certificate of Registration RM.804535.000; Oklahoma Mortgage Lender License ML012498; Oregon Mortgage Lending License ML- 5208; Pennsylvania Mortgage Lender License 72932; Rhode Island Lender License 20163229LL. Rhode Island Loan Broker License 20163230LB; South Carolina BFI Mortgage Lender/Servicer License MLS-1025894; South Dakota Mortgage Lender License ML.05253; Tennessee Mortgage License 190182; Texas Mortgage Banker Registration 1025894; Utah Mortgage Entity License 8928021; Vermont Lender License 6891; Virginia Mortgage Broker and Lender License, NMLS ID #1025894 (www.nmlsconsumeraccess.org); Washington Consumer Loan Company License CL-1025894; Wisconsin Mortgage Banker License 1025894BA; Wyoming Mortgage Lender/Broker License 3488. (866) 200-3210. Subject to Credit Approval.
Charges such as an origination fee, mortgage insurance premiums, closing costs and/or servicing fees may be assessed and will be added to the loan balance. As long as you comply with the terms of the loan, you retain title until you sell or transfer the property, and, therefore, you are responsible for paying property taxes, insurance and maintenance. Failing to pay these amounts may cause the loan to become immediately due and/or subject the property to a tax lien, other encumbrance or foreclosure. The loan balance grows over time, and interest is added to that balance. Interest on a reverse mortgage is not deductible from your income tax until you repay all or part of the interest on the loan. Although the loan is non-recourse, at the maturity of the loan, the lender will have a claim against your property and you or your heirs may need to sell the property in order to repay the loan, or use other assets to repay the loan in order to retain the property.
These materials are not from HUD or FHA and the document was not approved by HUD, FHA or any Government Agency. For licensing information, go to: www.nmlsconsumeraccess.org
Kathy Halliday is a Reverse Mortgage Loan Originator located in Redding, and serving Anderson, Red Bluff, Corning, Chico, Trinity County, Susanville, Mt. Shasta, Dunsmuir, Yreka, Paradise, Magalia, Burney, Eureka, Arcata, and the surrounding Northern California area.
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