Reverse Mortgages in Granite Bay and Surrounding Areas
Reverse Mortgages
Thinking about tapping into your home’s equity? A reverse mortgage could be the right move. Designed for homeowners 62 and older, this option helps you convert home equity into cash—without selling or moving. It’s especially popular in Granite Bay, Roseville, and nearby communities where long-term homeowners are ready to enjoy more financial flexibility.
Is Reverse Mortgage Right For You?
A reverse mortgage may be a good fit if:
- You’re 62 or older
- You have substantial equity in your home
- You want to reduce monthly expenses or supplement retirement income
This loan gives you freedom and control, as long as you continue to live in and maintain your home.
How It Works
- No monthly mortgage payments required
- Loan amount is based on home value, age, and interest rates
- You receive payments in a lump sum, monthly, or as a line of credit
- Repayment happens when you sell the home or move out
What You'll Need
- Proof of age (62+)
- Primary residence verification
- Sufficient home equity
- Financial counseling session (required by HUD)
Why Work With Petersen Loans?
32 Years in Mortgages
Transparent & Disciplined
A Trusted Local Lender
Call Me To Learn More
Let’s talk it through—no pressure. Call me at (916) 521-4235 to find out if a reverse mortgage fits your future.