Welcome to Professional Mortgage Associates! Bryan Wild started the reverse mortgage division of Professional Mortgage Associates to provide professional, honest, and personalized reverse mortgage services in California. Whether you are looking to acquire financing to supplement retirement income, to cover daily living expenses, repair or modify your home, pay for health care, pay off existing debts, cover property taxes, or prevent foreclosure, a reverse mortgage loan is the answer you’re looking for! With my years of experience, Bryan Wild understands that each situation is unique and he prides himself on finding the optimal financial options for you while being dedicated to personalized service and outstanding customer satisfaction.
At Professional Mortgage Associates, we are committed to both ethics and integrity. We work diligently to educate our clients so that they have all of the information needed to make the best financial decision. We understand that making the correct financial decision starts by having the right people working for you. This is where Bryan Wild comes in….
Reverse mortgages are home loans that let homeowners convert a portion of the equity in their home into cash. The equity built up over years of mortgage payments can be paid to you. Unlike a traditional home equity loan or a second mortgage, no repayment is required until the borrower(s) no longer use the home as their principal residence. Could a reverse mortgage loan be what you need?
Make absolute sure that your financial future is put into the right hands. We will provide you with a quick and easy quote, and discuss with you how a reverse mortgage can be the best decision for you! To be eligible for a HUD reverse mortgage, HUD's Federal Housing Administration (FHA) requires that the borrower is a homeowner of 62 years of age or older. You must also own your home outright, or have a low mortgage balance that can be paid off at the closing with proceeds from the reverse loan, and you must live in the home.
The amount you can borrow depends on your age, the current interest rate, and the appraised value of your home or the FHA reverse mortgage limits for your area, whichever is less. You can usually more, depending on the value of your home, its interest rate, and your age.
Although we are located in Sacramento, CA, we offer unparalleled service and competitive reverse mortgage quotes to clients throughout California. We have locations in 19 other cities for your convenience, including Elk Grove, CA, as well. Please, allow us to be of service to you!