California Reverse Mortgage Specialist
Live a Future Proof Retirement With a Reverse Mortgage
You've spent decades building equity in your home. Now let that equity work for you. Access tax-free funds with no monthly mortgage payments — and stay in the home you love.
Get Your Free Quote
See how much you could access from your home equity.
20+
Years Experience
500+
Families Helped
4.9★
Google Rating
CA
Licensed Statewide
Client Testimonials
What Our Clients Say
"Selvin made the entire reverse mortgage process seamless. My wife and I were nervous about the whole idea, but he took the time to walk us through every detail. We now have the financial freedom to enjoy our retirement without worrying about monthly mortgage payments. His expertise is unmatched."
Michael S.
Pasadena, CA
"We'd been in our home for 35 years and the thought of leaving just to free up cash was heartbreaking. Selvin showed us how a reverse mortgage let us stay put, pay off our existing mortgage, and still have funds for travel and medical expenses. He treated us like family, not a transaction."
Dorothy & Frank M.
San Diego, CA
"After my husband passed, I was struggling to keep up with the mortgage on a fixed income. Selvin helped me understand that a reverse mortgage wasn't just an option — it was the right option for me. He handled everything with patience and professionalism. I now have peace of mind and zero mortgage payments."
Barbara L.
Los Angeles, CA
Education
What is a Reverse Mortgage?
A reverse mortgage — officially known as a Home Equity Conversion Mortgage (HECM) — is a federally-insured loan that allows homeowners aged 62 and older to convert a portion of their home equity into cash. Unlike a traditional mortgage where you make payments to a lender, a reverse mortgage pays you.
You continue to own your home and live in it. There are no monthly mortgage payments required. The loan is repaid when you sell the home, move out permanently, or pass away — and your heirs are never responsible for more than the home's value.
Benefits of a Reverse Mortgage
- Eliminate monthly mortgage payments — Free up cash flow by removing your existing mortgage obligation.
- Tax-free proceeds — The money you receive is generally not considered taxable income.
- Stay in your home — You retain full ownership and title to your property.
- Flexible payout options — Receive a lump sum, monthly payments, a line of credit, or a combination.
- Non-recourse protection — You or your heirs will never owe more than the home's value.
- FHA-insured — HECM loans are backed by the federal government for your protection.
Your Reverse Mortgage Expert
Meet Selvin Herrera
With over 20 years in the mortgage industry, Selvin Herrera has helped hundreds of California families navigate the reverse mortgage process with confidence. His deep expertise in HECM loans, combined with a genuine passion for helping seniors achieve financial security, makes him one of the most trusted reverse mortgage specialists in the state.
Selvin takes the time to understand your unique financial situation and goals. He believes that every homeowner deserves clear, honest guidance — no pressure, no hidden fees, just straightforward advice that puts your retirement first.
20+
Years in Mortgages
500+
Families Served
NMLS#
329041
Bilingual
English & Spanish
Common Questions
Reverse Mortgage FAQ
What is a reverse mortgage?
A reverse mortgage is a loan available to homeowners aged 62 and older that allows them to convert part of their home equity into cash without selling the home or making monthly mortgage payments. The loan is repaid when the homeowner sells the home, moves out permanently, or passes away.
Do I still own my home with a reverse mortgage?
Yes. You retain full ownership and title to your home with a reverse mortgage. The lender does not take ownership. You remain responsible for property taxes, homeowners insurance, and home maintenance.
How much money can I get from a reverse mortgage?
The amount depends on several factors: your age, your home value, current interest rates, and the type of reverse mortgage. Generally, older borrowers with higher-valued homes and lower existing mortgage balances qualify for larger amounts.
Are reverse mortgage proceeds taxable?
Reverse mortgage proceeds are generally not considered taxable income. However, you should consult with a qualified tax advisor to understand how a reverse mortgage may affect your specific tax situation and any government benefits you receive.
What happens to my home when I pass away?
Your heirs have several options. They can sell the home and keep any equity remaining after the loan is repaid. They can refinance the reverse mortgage into a traditional mortgage to keep the home. Or they can simply hand the keys to the lender with no personal liability — reverse mortgages are non-recourse loans.
Schedule a Consultation
Book a Free Reverse Mortgage Consultation
Pick a time that works for you. Selvin will walk you through your options, answer every question, and help you decide if a reverse mortgage is right for your situation.