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Reverse Mortgage


How Can You Access Your Funds

How Can You Access Your Funds

Choose the payout plan that works best for you:

Maximize your cash payout

Receive monthly payouts for a xed term

Receive monthly payouts for life*

Use as needed, interest charged only on the portion you access

Combine options for even greater control; an SSF reverse mortgage professional can show you how

*Available with Tenure-Based or Modified Tenure plans, so long as Borrower does not default on the loan. Borrower must maintain home as principal residence, pay all taxes, insurance, maintain the home, and comply with all other loan terms. With Modified Tenure plans, lender will set aside a specific amount of money for a line of credit.

Your Reverse Mortgage Responsibilities

Your Reverse Mortgage Responsibilities

Although a reverse mortgage can eliminate monthly mortgage payments (principal and interest), you must continue to maintain your property, pay all property taxes, homeowners insurance and comply with your loan terms, as you would with any mortgage. To ensure that you can meet these ongoing financial responsibilities you can establish a set-aside account that can be financed into your reverse mortgage to limit your initial, out-of-pocket expenses. 

If you don’t comply with your loan terms, however, your home could go into default, which could lead to foreclosure.

It’s also important to note that while you can sell your home and pay off your loan balance any time without a prepayment penalty, reverse mortgages make more sense financially the longer you plan to stay in your home, as you’re spreading your initial loan costs out over a longer period.


Contact Us
Contact Us

Receiving funds from a reverse mortgage will not affect your Social Security or Medicare. A reverse mortgage, however, could impact Medicaid or Supplemental Security Income (SSI), so please speak with your accountant or tax advisor for more information.

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We’re always happy to chat, but sometimes you need to do things at your own pace. Our tools and resources are available whenever you need them.

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Shining Star Funding
Corporate Office
6101 Bollinger Canyon Rd, Suit 344
San Ramon, CA 94583
(925) 820-2981

Copyright ©2024 Shining Star Funding A division of American Pacific Mortgage Corporation | NMLS ID # 1850 ( | 6101 Bollinger Canyon Rd #344, San Ramon, CA 94583 Phone (925) 820-2981 | Licensed by the Department of Financial Protection and Innovation under the California Residential Mortgage Lending Act.

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