An FHA California Home Equity Conversion Mortgage (HECM) / Reverse Mortgage from Senior Advantage Association can help you retire safely and securely – here’s how.

  • Pay off your existing mortgage(s), and make no more mortgage payments for life! Simply pay your property taxes and homeowners insurance.
  • Access the equity in your home – tax free.
  • Continue to own your home, and remain on your title.
  • Refinance or sell your home at any time and still keep all your rights as a home owner.
  • Your most valuable asset, your home, is passed onto your heirs.


Learn more about Reverse Mortgage

Top Frequently Asked Questions


If you’re 62 or older – and want money to pay off your mortgage, supplement your income, or pay for healthcare expenses – you may consider a reverse mortgage. It allows you to convert part of the equity in your home into cash without having to sell your home or pay additional monthly bills. But take your time: a reverse mortgage can be complicated and might not be right for you. A reverse mortgage can use up the equity in your home, which means fewer assets for you and your heirs. If you do decide to look for one, review the different types of reverse mortgages, and shop around & compare before you decide on a particular company.


How Does a Reverse Mortgage Work?

Upon loan execution, your F.H.A. California Reverse Mortgage or HECM, will pay off your existing mortgage(s) allowing you to live payment free as long as you continue to remain in your principal residence. The loan is repaid in full when you decide to sell, permanently move, or pass on. The home is then passed onto the person or entity of your choice.

What happens if my home increases in value?

When your home value increases, so does your equity. Any amount of equity beyond your principal balance from your FHA Reverse mortgage is yours to keep. When your home is sold, the FHA Reverse Mortgage is paid off, and the remaining equity is yours to keep.

Will this FHA Reverse Mortgage affect my Social Security?

A Reverse Mortgage typically does not impact Social Security because it is not considered income.

Will the bank or government take my home after I pass away?

Your home will always remain yours with a Reverse Mortgage. When you move onto the next world, the home is passed onto your loved ones.

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About Senior Advantage Association

Senior Advantage Association (SAA) is known as one of the premier California reverse mortgage firms in the country with offices in San Francisco and Los Angeles. At SAA, we are driven to bring financial security and freedom to the aging population. We do so by qualifying senior home owners on the only reverse mortgage that is insured by the U.S. Federal Government, the Home Equity Conversion Mortgage (HECM), through an FHA approved lender.

View more About SAA

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