Question 1

What is the minimum age for a reverse mortgage?

Accepted Answer

You must be at least 62 years old. All borrowers on the loan must meet this requirement.

Question 2

Do I need to make monthly payments?

Accepted Answer

No. A reverse mortgage requires no monthly mortgage payments for the life of the loan. You only need to pay property taxes, insurance, and maintain the home.

Question 3

Will the bank own my home?

Accepted Answer

No. You retain ownership and the title. The lender places a lien, but you remain the owner as long as you live in the home and meet the loan requirements.

Question 4

How much can I get from a reverse mortgage?

Accepted Answer

Most eligible borrowers can access 40–65% of their home's value depending on age and interest rates. Use our calculator for a personalized estimate.

Question 5

Is a reverse mortgage safe?

Accepted Answer

The FHA Home Equity Conversion Mortgage (HECM) is federally insured and regulated by HUD. Non-recourse protection means you or your heirs will never owe more than the home is worth.

Question 6

How long does the reverse mortgage process take?

Accepted Answer

The typical timeline is 30–60 days from application to funding. This includes the HUD counseling session required for FHA-insured HECM loans, plus the home appraisal, underwriting, and closing.

Question 7

Does Miguel A. Vazquez speak Spanish?

Accepted Answer

Yes. Miguel speaks both English and Spanish fluently and has served California's Latino community for nearly 20 years. The entire process — from the first call to closing — can be handled completely in Spanish.