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Reverse Mortgage Lender

Dennis Sakofsky

MLO

NMLS #1711774 | BRE #01807911 C2 NMLS: 135622 C2 DRE: 01821025

(619) 391-3343
C2 Reverse Mortgage, NMLS#: 135622 | BRE#: 01821025

Is a reverse mortgage right for you?

What Is a Reverse Mortgage?

The Key to Opening Doors and Closing Loans

A reverse mortgage is typically insured by the Federal Housing Administration (FHA). Reverse mortgages provide access to funds by using your home's equity. One key reason for C2 Financial Corp. to offer this type of mortgage is that it allows seniors to get cash while staying in their homes without making loan payments.

We understand that staying in a familiar environment becomes more important in your retirement years. Often there’s no income source, and unfortunately, there’s not always someone to care for you. In any case, your home is one possession potentially available to be leveraged to help your situation. Understanding this, we offer borrowers the opportunity to stay in their homes without a monetary catch.

Imagine living in your home without a traditional monthly mortgage payment, or instead enjoying monthly loan proceeds from the years you've invested in your home. A reverse mortgage is a unique mortgage designed for seniors 60 and older. You may enjoy access to the equity in your home and the freedom and comfort of the home you've known for so many years. It's your home, now you can put it to work for you. 

Once proved eligible, a reverse mortgage can significantly supplement your retirement income.

 

 

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Eliminate Monthly Mortgage

 

 

One main benefit of a reverse mortgage is that it allows you to eliminate monthly loan repayments. Without repayments, you can have more cash on hand to meet other financial obligations. 

 

 
 

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Access to More Cash

 

 

You will be glad to know that the proceeds from a reverse mortgage in San Diego are tax-free. You can use the extra cash to pay for home renovations/ projects, healthcare costs, or a vacation!

 

 

 

 

 

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Your House, Your Home

 

 

Your home is more than just four walls and a roof. It can keep you connected to important memories, like moving in with your partner or when you had kids. These are something you never want to lose.

 

 

 

Why Is a Reverse Mortgage for You?
It’s the Loan That Pays You!

The reverse mortgage in California was initially created for newly widowed wives. Managing household financial obligations in those days was onerous without their husbands. The financial constraint was often too much, and without skills or an income source, women could struggle to make ends meet. The reverse mortgage was introduced in 1961 and has since gained popularity.

In 1961, Nellie Young made history by getting the first reverse mortgage loan made possible by Nelson Haynes of Deering Savings & Loan. Nellie’s husband was Haynes’ best friend. When the high school football coach died, Haynes decided to help his friend’s widow by designing a reverse mortgage loan with her in mind. In 1988 the bill for this program was approved and signed by President Ronald Reagan. 10 years later the HECM program was made official by the HUD Appropriations Act.

In 2009, people finally got the chance to become homeowners without being drowned in monthly payments. The loan limit for reverse mortgages began at less than $200,000 and has since increased to $726,525.
You can use a reverse mortgage in California in several ways. If you have financial goals you would like to achieve before or after you retire, getting this loan may be extremely practical.


Why should you get a reverse mortgage from our reverse mortgage lenders in California?

 

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The Homebuyer

Want to become a homeowner? Use the “Reverse for Purchase” option to buy yourself a house and pay all the related expenses without making any monthly mortgage repayments. You can also use the cash to make repairs and renovations. 

 

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Excited Retiree

Are you finding life mundane? Get a reverse mortgage in San Diego and access the cash to make it possible. There are things to do and places to see. Now you finally have the time to take that trip to the Maldives, and the cash to do so. 

 

 

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The Investor

Was your house priced low when you first bought it? Has your home’s value increased over time? You can use the reverse mortgage’s lump sum amount to supplement your income without accessing your investment portfolio.

 

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The Saver 

Having a financial safety net allows you to rest easy knowing that you’ll have plenty of cash to cover unexpected expenses. You can do this by establishing a standby line of credit with your reverse mortgage.

 

 

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The Planner

You can use your reverse mortgage to make the monthly payments and supplement your income at the same time. This way, you can maintain your lifestyle in retirement and live comfortably. Moreover, you might be able to afford a few luxuries.

 

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The Nester

Want to stay in your home forever? Your wish is possible and potentially easy to achieve. Do away with your monthly repayments and use the cash from a reverse mortgage to make renovations. Install a pool for the grandkids or room additions for friends.

 

 

Why Choose C2 Reverse Mortgage

Opening Locked Doors to the Future You Want

Our vast experience sets C2 Reverse Mortgages apart. Having worked with thousands of customers, we know our way around most situations. Once your application comes across our reverse mortgage lender’s desk in California, we do our best to make sure you’re approved.

We have worked with reverse mortgage bankers, lenders, and brokers to develop a complete understanding of how the process works. We are certified and licensed to operate in the state of California.

 

We would love to assist you with the following steps in your reverse mortgage San Diego application:

  • Loan application setup and review
  • Disclosures
  • Loan processing support
  • Mortgage appraisal
  • Title
  • Verification of endorsements
  • Refinance
  • Closing


Many people come to us with hopes of getting a reverse mortgage. Before directing them on how to fill out the application, we run an eligibility test. Our agent performs a financial assessment to ensure you meet the financial obligations required. You can also look at other finance options that might better suit your situation.

 

The C2 Reverse Mortgage Promise

We Beat What the Banks Offer

As one of the top reverse mortgage companies in California, we specialize in providing reverse and jumbo reverse mortgages for borrowers 60 and over. Compared to a standard reverse mortgage, a jumbo reverse mortgage offers you a more considerable loan amount with no FHA premiums. Our rates at C2 are competitive. Get in touch with one of our reverse mortgage or jumbo reverse mortgage loan officers in California to determine whether you qualify for the loan.


Is a Reverse Mortgage Right for You?

It’s Your Home. Now You Can Put It to Work for You.

Imagine living in your home without a monthly mortgage payment and enjoying monthly cash inflow. A reverse mortgage allows you to access the years of investments you’ve made your home loan. A reverse mortgage is a unique mortgage designed for seniors 60 and older. It allows them to access their home equity and enjoy the freedom and comfort of the home they’ve known for so many years. 

 

About C2

Established in 1989.

Borrowers like you entrust us with one of the most important financial decisions of your life, that if not executed properly can have long-lasting repercussions as was witnessed in 2008 during the mortgage meltdown.
We know that despite our best efforts and the government's best efforts to regulate the mortgage industry, our borrowers are too busy to review every last line of every single document. Our borrowers trust us as their mortgage advisor and that what they are signing is in their best interest.

C2 NMLS: 135622           C2 DRE: 01821025

LO NMLS: 1711774          LO DRE: 01807911

10509 Vista Sorrento Pkwy. #400 San Diego, CA 92121

 

C2 was rated the Top mortgage broker in the country by Mortgage Executive Magazine.

C2 Reverse Mortgage - a division of C2 Financial Corp, is proud to offer reverse mortgage loans for senior citizens of California. If you’re over 60 and looking for ways to make your retirement more comfortable, consider applying for a reverse mortgage in San Diego. You may be missing out on home equity cash, which could make your golden years financially free and comfortable.

With a reverse mortgage in San Diego, you can utilize your home's equity to access funds outside of what you have saved. With the financial security provided by these funds, you can be excited about your life’s next chapter. Without monetary constraints, you can live out your years in your home, take that dream vacation, fund family education, upgrade your home and enjoy freedom from financial stress. Our reverse mortgage loan experts are here to guide you and make your dream retirement a reality.

According to the US Census Bureau, around 10,000 baby boomers cross the age of 65 every year. By the year 2030, more than 52 million people will reach the age range between 65 and 74. With so many people retiring every year, it has become imperative to offer them quality assistance with their retirement plans and health insurance.

Borrowers like you entrust us with one of the most important financial decisions of your life. We know that mismanagement of such matters can have long-lasting repercussions. We promise we won’t let you down, and we will always strive to offer you the best service for a reverse mortgage in California.
The government has made great efforts to regulate the mortgage industry. Still, we know that our borrowers are too busy to review every last line of every single document. That’s why we look out for our clients. As a result, our borrowers trust us as their mortgage advisor and know that what they’re signing is in their best interest.


C2 Reverse has extensive knowledge and experience, allowing them to be considered one of the top reverse mortgage companies in California.

 

Let’s Talk

Have Something to Ask? Call Us Now!

Give Dennis a call today. Being one of our most trusted Loan Officers, you can share your information feeling secure, knowing it will not be accessible to third parties. C2 Reverse Mortgage California will use your phone number and email address to answer your queries with your consent. There’s no need to enter any kind of agreement, and you can revoke your consent at any time. You will not receive further notifications from us. To speak with one of our mortgage advisors about a reverse mortgage loan for senior citizens, please call (619) 313-1051.