Your Hometown Reverse Mortgage Consultant based in Soquel, CA

Your Hometown Reverse Mortgage Consultant based in Soquel,
CA

Brooke Squyres

NMLS#1488020

Your Hometown Reverse Mortgage Consultant based in Soquel, CA

Your Hometown Reverse Mortgage Consultant based in Soquel,
CA

I’m proud to work with a company focused on one thing: educating seniors about reverse mortgages to help them unlock the power of their homes and live a more comfortable retirement. I’m a reverse mortgage professional and honored to serve the people of Soquel, CA.

Your Starting Point to Reverse Mortgages

Common Misconceptions

MYTH: With a reverse mortgage, the bank takes your home.

That’s false! With a reverse mortgage, the homeowner keeps the title to the home in their name. The lender simply adds a lien onto the title to guarantee that the money will eventually be paid back when the loan becomes due.

MYTH: Your heirs can’t inherit the home with a reverse mortgage.

Nope! You will still be able to pass the home on to your kids. Just like any other mortgage, they can inherit the house. When the loan becomes due, they can decide how to repay the loan balance.

MYTH: Reverse mortgages should only be used as a last resort.

That’s incorrect! A reverse mortgage is a powerful financial tool that can be an important part of your overall financial plan. From paying off an existing mortgage to delaying Social Security benefits, or even establishing an emergency line of credit, it’s a flexible product that gives you options.

MYTH: A reverse mortgage interferes with Social Security and Medicare benefits.

False! Government entitled programs such as Social Security and Medicare are not affected by a reverse mortgage – however, need-based programs such as Medicaid may be. Consult a qualified financial advisor to learn more.

MYTH: Reverse mortgages are expensive.

Here’s the truth – reverse mortgage loan origination costs and interest rates are comparable to those of traditional mortgages. They do not require large out-of-pocket expenses. There are FHA insurance costs that some traditional mortgages don’t require, but the insurance benefits are well worth the relatively small cost.

MYTH: Taxes have to be paid on money received from a reverse mortgage.

Nope! Proceeds from a reverse mortgage are not considered income, and are therefore not taxable. The money from a reverse mortgage comes from your home’s equity, which already belongs to you, so it’s not considered income. Plus, the interest on a reverse mortgage can be tax-deductible when it’s repaid.

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Featured Video

How it Works

For many Americans, their home is their biggest asset, and the one they have invested the most in throughout their lives. And a Home Equity Conversion Mortgage (HECM), or "reverse mortgage," can allow senior homeowners to tap into some of this hard-earned home equity – for another source of cash to help fund retirement, counteract the effects of inflation, and live more comfortably.

Additional Resources

Are You a Good Candidate for a Reverse Mortgage?

How Much Money Could You Get from a Reverse Mortgage?

Can You Get a Reverse Mortgage with Bad Credit?

About Me

Hello, my name is Brooke Squyres, I am a Reverse Mortgage Professional. I am honored to be working with not only the 55+ community in Soquel, CA., but also the entire Golden state of California, and the beautiful state of Hawaii.

I have many years of experience in the reverse mortgage industry, focusing on Home Equity Conversion Mortgages (HECM), proprietary, and jumbo reverse mortgage loans. I am committed to helping people 55 years and older find better retirement solutions, and am excited to bring my honesty, compassion, and education to senior homeowners in my local Monterey Bay Area as well as all of California and Hawaii.

I bring an in-depth understanding of the reverse mortgage process and an ability to explain the product so that my clients feel comfortable in making their decision. My strengths are listening to a client's needs and wants, being compassionate to their situation, and helping them to find the best solution.

Patience, honesty, integrity, and consistent white-glove customer service is the pride and joy of my successful career.

I treat my clients as if they were my own parents or grandparents: with care, dignity, and ultimate respect.

Licensed by the California Department of Financial Protection and Innovation under the California Residential Mortgage Lending Act; Loans made or arranged pursuant to a California Financing Law license. For California consumers: For information about our privacy practices, please visit https://www.longbridge-financial.com/privacy. Branch Address: 3700 Hardin Way, Soquel, CA 95073; Branch NMLS #: 2399830; Phone #: 707-985-2178