Are you 62 year or older ? receive from 50% value of your home in cash and forget about your monthly payments forever.
Enjoy your golden years, without a mortgage payment!
Free consultation
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A very powerful lending tool is available to you and you may not be aware of it.
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Deep analysis of your finances and lifestyle to determine the right plan for you.
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Personal approach, by phone, video chat or in-person meeting.
Has your income decreased significantly since retiring, but your payments remain the same?
Due to inflation in the country, the question arises whether people will have pensions in 10 years at all, because the fund that the state has been collecting all their lives is running out. This causes fear among people with mortgages, since their income is much lower in retirement, and it is more difficult for them to live and pay off debts.
Social Security income may disappear.
Our mortgage solution allows you to access the capital of your home without the need for monthly payments. This means that you can use the money for any needs — whether it's medical expenses, travel, or just improving your quality of life.
Spend money on you, not your mortgage.
You worked hard during your life to buy a home, make payments towards a mortgage and now you have an opportunity to have the house work for you! You will not make a mortgage payment anymore, the interest on the loan will accumulate and your heirs will take care of the repayment or sale of your home when the time comes.
Enjoy your Golden years without worrying about finances and mortgage payments.
Let's discuss how this can work for you and we can answer questions or concerns you may have.
Free consultation
My name is Steve Tsvetkov and I am a licensed mortgage broker with over 11 years of experience helping clients finance their dreams and savings money on their mortgage payments.
My professional career started in Google, where I worked in IT/software, but, my desire to interact with people led me into the world of real estate.
My professional career started in Google, where I worked in IT/software, but, my desire to interact with people led me into the world of real estate.
Your personal mortgage broker
$1,000,000,000
Closed mortgage loans in my career
11 years
Successful career in mortgage lending
TOP 42
Mortgage brokers in the country
Free consultation
Exclusive wholesale lending partners
Important!
We cooperate with about 40 banks. These banks are called wholesale, which can be translated as wholesale banks. They do not have a retail department, there are many offices and clerks. Because of this, conditions will be much better there.
They give us access to their programs for different types of clients.It happens that one bank jumps ahead in a certain week – they want to buy the market and give the best deals at the moment. We have this information and the client and I can choose.
They give us access to their programs for different types of clients.It happens that one bank jumps ahead in a certain week – they want to buy the market and give the best deals at the moment. We have this information and the client and I can choose.
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Our services are paid for by banks, so they are absolutely free for you.
Sign up for a FREE no obligation consultation and learn more about our reverse mortgage solution for retirees.
I am here for you at every stage.
You fill out a small questionnaire
Fill out a short questionnaire, to help us better understand your financial situation, goals, pains and expectations. Because this program is very complex and we can explore many different options for you, this helps us better prepare. This step can also be done together with one of your consultants.
1
Qualification
Although a reverse mortgage is much easier to qualify for then a standard mortgage, there are still parameters that lenders need to review to assess your creditworthiness. At this stage you will be assigned an account manager that will help you gather all the necessary documents, check your credit profile and order a home appraisal, also, you will need to do a third party counseling session which we will also help set up for you.
2
Consultation meeting
At this stage we will set up a meeting, this can be 1-2 hours in length, to go over all the possible options using a reverse mortgage to align with your long term goal. Some of our clients like to take a lump sum of cash, some like to set up monthly payments, others just want their current mortgage to be paid off. All of these options we will discuss during this meeting with our broker and your account manager.
3
Working together towards a closing
At this stage we have determined the best plan of action for you, we have gone over all questions, addressed all concerns, spoke with your heirs and have set up a notary to assist us with the final loan signing.
4
Enjoy life
We would love to hear from you after closing and would appreciate an introduction to a friend or family member who can also benefit from a reverse mortgage.
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Get started
Our initial consultation can be a phone call, video call, or in-person meeting.
Services
Favorable terms for every borrower
Jumbo mortgage
Searching for a high-end property and need guidance about Jumbo loans? We will shop our wholesales banks and credit unions for the best terms with lowest interest rates for you
Mortgages for recent immigrants
Full guidance for those who recently moved to the USA and dream about owning their own home. We will select the best terms available to you, even with a low credit score.
Mortgage for retirees
For clients in retirement that have a mortgage or wish to explore obtaining a new mortgage for financial stability. We will explore all options available to you, even if your income has dramatically decreased while you enjoy your golden years.
Refinance options
Do you have a mortgage already ? Refinance can help lower payments, consolidate debt, plan for retirement, fund other purchases including, but not limited to a real estate purchase( for leisure or investment).
life-changing lending
Bogda and Vera
A working family, husband and wife. The family has been in the states for about 5 years Both work on a salary, hourly wages, they have a good credit rating, but could not raise free money for the first installment. The husband earns a little more than $7,000 a month, and the wife earns a little more than $3,400. But using the new first payment assistance program, we were able to afford to buy a house in Sacramento California built in 1977 with a fresh renovation and an area of more than 1500Sq ft. The cost of the house is $492,000 , the help for the first payment was $14,400. The necessary money to close such a transaction took $ 16,387 and the monthly payment was only $ 3,795, which already includes both real estate tax and mortgage insurance. Which is only about 38% of their monthly income now. And after 5 years, this percentage will fall, and the rent will rise, and They will have been paying for their housing for 5 years.Such options can be made all over the country
Sahab
A novice IT specialist, with a salary of $ 120,000 per year. At the time of purchase, he was divorcing his wife and had to look for an option where to live. I didn't really want to pay the rent, but there was practically no money for the initial payment and closing the deal. But he was lucky to live in California. There are down payment assistance programs from the state. Which allowed him to purchase a house worth $615,000 for just $1,000 out of pocket. And now for more details. We used the FHA loan state mortgage program, which allowed us to purchase his house. We also received a loan from the seller of $24,000, which amounted to 6% of the amount - this is the maximum percentage allowed for this type of mortgage and also the down payment assistance was $21,525 And the monthly payment was only $4,700, which already includes both real estate tax and mortgage insurance. Of course, the payment is significantly higher than the rent, but in the future this will allow him to change his taxes and lead to almost the same payment as the rent.
Elizaveta and her son Alexander
Elizaveta and her son Alexander arrived in the USA just over two years ago. Upon arrival, Elizaveta immediately started working as a private tutor. Before purchasing her home, she had only two years of work history in the USA, and her son had been working for an IT company for about 8 months. They filed low taxes and had many deductions. But even in this scenario, we had a solution that allowed her and her son to move into their new condo with a two-car garage built in 2015. The property price was $830,000. Let's take a closer look at her situation. Elizaveta had an apartment in Moscow, which she sold when she decided to stay in the States permanently. It took several months to transfer the money to the USA and deposit it into her account. Her monthly income before taxes was only $7,500, and her son Alexander earned slightly over $5,000. Our partners have a program that allows income calculation based on bank statements, which enabled them to purchase their property. To reach the amount needed for the property, we used both of their incomes. Now, let's get back to the numbers.
Client Raj, a Software Engineer
Raj is a Software Engineer, and his wife is also a Software Engineer. They only had enough money for a 10% down payment. The house they liked was priced at $1,502,000. Raj also had company stocks, but he couldn't sell them at the time of purchase. Their combined income wasn't enough to buy a house in this price range. However, since the client really wanted it, we made it happen. A loan in this price range is called a Jumbo loan. Now let's look at the mechanisms that allowed us to make the deal and secure the financing. These creative solutions can only be offered by brokers, as banks aren't as flexible.We took out a loan against the future home for 15% of its value, known as a HELOC, and combined it with their 10% down payment to reach a total of 25%, which amounted to $375,500. The HELOC was for $224,000. The monthly payment, including taxes and HOA, was $11,641, which was satisfactory for the client at the time. The HELOC functions like a credit card, and when Raj is able to sell his stocks, he can pay off part or all of this loan, which will reduce the monthly payment.
Let's Meet Victor
Victor works as a Software Engineer with a good salary of almost $22,000 per month. He wanted to buy his first home in California but didn't want to take out a standard 30-year mortgage. Instead, he wanted to try a more aggressive approach. This allowed us to offer him an interest rate of below 6% for 15 years, while the standard 30-year mortgage rate at that time was 7%. Now, let's look at the numbers.The house cost $710,000. Victor was ready to make a down payment of $240,000, which was nearly 34%. Since the down payment was more than 20%, mortgage insurance was excluded from the monthly payment. The monthly payment, including property tax, amounted to $4,824 for a 15-year mortgage.As we can see, the aggressive approach allowed him to make a mortgage payment that is almost equivalent to the cost of rent.
Polina and Andrey
Polina and Andrey are a family working for one of the largest telecommunications companies in California. They both hold positions as Senior Software Engineers, which allows them to generate a monthly income of $70,000. The family wanted to purchase a high-end home for $4,000,000. They viewed this house both as a place to live and as an investment for the future because homes in this price range tend to appreciate rather than depreciate.To enter into such a deal, a down payment of 25% was required, amounting to $1,000,000. With such a high value, we were able to negotiate with our partner banks to secure them an annual interest rate of 7%, which was almost identical to the rate for standard mortgages. To make the down payment, Polina and Andrey sold their apartment in Russia, and transferring the money to the USA took about 2 months. They also sold some of their company stocks. In parallel, they searched for their dream home, which we are now discussing.The mortgage payment for such a loan was $24,426, which is 35% of their monthly income.
We answer your questions
Find out the answers to the most common questions of our customers
A reverse mortgage is a way to get financing against your property while continuing to live in it. The debt is repaid when the home is sold. It is a convenient option for additional retirement income without the need for monthly payments.
The property must be residential, meet local building codes, and be in good condition. It is also important that the property can be appraised at market value.
Heirs can repay the debt by contacting the lender to inquire about the current status of the debt. In most cases, the debt can be repaid from the inherited assets that heirs receive after the borrower's death.
The debt is usually repaid in equal monthly installments over a set period of time, but options such as early repayment without penalty are available.
Enlist the professional support of a mortgage broker
Start the mortgage approval process with Steve Tsvetkov
