Housing Wealth for your Financial Health™
QUALITY – OF – LIFE
It’s Not the Years in Your Life That Count
But the Life in Your Years
FAMILY – IS – EVERYTHING
Fingerprints Don’t Fade From the Lives We Touch
Get Security and Peace of Mind for Your Retirement with our Free Reverse Mortgage Guide
In Retirement, the difference between
Good and Great is just a click away!
In today’s world many homeowners must find a way to convert their financial resources into a stream of income. Most Americans want to live in their homes forever and never run out of cash. We can help! Let us show you how to win the four L’s of financial freedom….Lifestyle, Legacy, Liquidity and Longevity. Utilizing housing wealth correctly can allow you to live a fun, joyful life without financial worry. Explore the intriguing world of a Reverse Mortgage and see how it can be your solution for a comfortable future!
Compare the Major Differences between Options
Find the Best Solution for You!
The Elite Choice™
This Modern Reverse Mortgage program specializes in High Value homes. It eliminates the restrictions and limits of traditional FHA (HECM) loans allowing for more access to money with less cost. It rids both the costly Mortgage Insurance Premium (MIP) and Monthly Mortgage Insurance (MMI) allowing clients to enjoy more of the benefits. If your home is valued north of $850,000 this program may be exactly what you were looking for.
Now in its 31st year of existence this program has helped over a million seniors find financial security. Its many new safeguards and spousal protections make it even stronger and safer than before. Utilizing a portion of equity to provide financial freedom and security is a solid retirement tool and is being embraced today more than ever by Financial Planners and CPA’s.
No Costs No Fees
Cost can be severely reduced and in a lot of cases completely dismissed. The No cost/No fee option though very popular does limit the amount of cash available. We will discuss what you are trying to accomplish with a Reverse Mortgage and see if it feasible. Every reverse mortgage has a story and every story is unique.
The Elite Choice™
- Loan amounts up to $5 Million dollars available
- Line of Credit options now available
- No origination and no cost options
- No mortgage insurance premiums
- No limits on initial cash draws like other FHA reverse mortgages
- More property type offerings
Note – There are no required monthly mortgage payments and the cash is always tax-free. Housing wealth can create financial health.
Top reasons to take advantage of The Elite Choice:
1. Maintain current Lifestyle
2. Pay off debts
3. Home improvements
4. Buy an investment property or a vacation home
5. Access liquidity for financial freedom
6. Help children purchase a property
7. Help grandchildren with funds for education
8. Establish a trust fund
9. Cover the costs of in-home care
10. Help raise the kids and grandchildren
Traditional Reverse Mortgage
- No more required monthly mortgage payments*
- Tax-Free** cash to use as you wish
- Line of Credit that has a growth rate feature
- Mandatory counseling
- No prepayment penalty
- Fee limitations
*The borrower must meet all loan obligations, including living in the property as the principal residence and paying property charges, including property taxes, fees, hazard insurance. The borrower must also maintain the home.
**Not tax advice, consult a tax professional.
Top reasons to take advantage of a Reverse Mortgage:
1. Payoff mortgage
2. Payoff high interest rate credit cards
3. Home improvements
4. Access liquidity for financial freedom
5. Protect your investments and nest eggs
6. Buy another property
7. Take care of family
8. Postpone Social Security
9. Long term care insurance
10. Bucket list vacations
#1 Rated Customer Service in Orange County!
Frequently Asked Questions
Does the Government or bank take my home?
No, your home is yours to keep! A Reverse Mortgage is an FHA insured loan secured by the equity in your home.
How do I receive my proceeds?
You can get a lump sum payment, save the money in a credit line with future growth, or choose a monthly distribution for life. The choice is yours!
When do I have to pay back my loan?
The loan is paid back when the last surviving spouse no longer resides in the home as a primary residence, usually through the sale of the home.
Do I have to pay taxes on this money?
Since a Reverse Mortgage is a loan, the loan proceeds are tax-free and not considered income. But always consult with your tax advisor.
Will this loan affect my Social Security or Medicare?
Reverse Mortgage loans do not normally affect your eligibility for traditional Social Security or Medicare. Please consult your financial advisor if you get supplemental Social Security benefits or state-funded medical benefits beyond Medicare coverage.
Do my spouse and I both have to be 62 to qualify?
Loans are now available to borrowers with spouses younger than 62. This new rule change allows the younger spouse to stay in the home without the threat of satisfying the loan if their older spouse passes away. The younger spouse must comply with all of the normal Reverse Mortgage terms.
How The Process Works
Talk to Green Monarch to discuss your specific needs. Learn about the benefits, options and costs related to obtaining a Reverse Mortgage.
Our government requires all Reverse Mortgage applicants to undergo HUD approved counseling. This counseling is performed by an unbiased third-party agency and will only take about 30 minutes.
After you have completed counseling, we will set up a time to meet to go over your loan application and to help you obtain some of the required documentation.
This is the completion of the Reverse Mortgage and you will receive your money in the fashion you choose.
Age To Qualify
If you have sufficient equity in your home and you’re at least 62, you’re eligible.
It’s yours to spend on whatever you want. Be sure to consult your tax advisor.
Level Of Stress
Keep your home for life! Pay taxes and insurance and enjoy life in your home.
The end of your monthly payment. Deposit cash in your account instead.
Any big financial decision like a Reverse Mortgage requires that you are confident – not only in the decision, but also in who you trust to guide you through the process. Green Monarch will guide you through each step of the process, ensuring a successful and positive experience.
Call Us Today! 800.345.2041
A+ Rating by the Better Business Bureau
We call beautiful Orange County our home. The members of the Green Monarch family have 50 plus years of combined Reverse Mortgage experience. We are very knowledgeable in all aspects of a Reverse Mortgage, and are proud to specialize in one-on-one, personalized service. We professionally guide our clients through the process every step of the way.
We are committed to providing the best service to all of our senior homeowners that want a better choice for retirement. By focusing on education not obligation we allow our clients the ability to ensure the best possible financial decision without any hassle. Our main goal is to exceed your expectations and provide you a more comfortable retirement option.
“The fabric of our business is woven in the spirit of all of our older American homeowners that we provide financial freedom and comfort to every day.”
Keith Murphy, President
PHONE | (800) 345-2041
EMAIL | firstname.lastname@example.org
OFFICE | 1389 Calle Avanzado • San Clemente, CA 92673
P: (800) 345-2041
O: 1389 Calle Avanzado
San Clemente, CA 92673
Green Monarch Mortgage