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This text has been translated by auto-translation. There may be a slight difference between the original text and the translation. (Original Language: 日本語)

Life / Housing / Useful info

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  • Groves Capital, Inc. (Mitsuko Miller)
  • N/A, Seattle, Washington, 98104 アメリカ合衆国
  • TEL: +1 (206) 679-3371

How to take advantage of the Reverse Mortgage, a loan program for seniors age 62 and older ？.

Reverse mortgages are designed specifically for seniors age 62 and older. It lends against the difference ） between the Equity （ of the home you live in （ minus your current mortgage ） if you have one , but unlike a regular loan, you do not have to make monthly payments. The only thing you have to pay is property tax and fire insurance. Even if you have paid off your mortgage, you still pay these taxes and fire insurance, which is the same as if you had no loan. The loan can be paid off when the house is sold. Until you sell it, you have 100% ownership of the property and it is treated the same as a regular loan. The loan can be modified as many times as you want, just like a regular loan.

Here are some highlights of how it can be used

#1 You can use it to buy a house. As you get older, it can be intimidating to go into debt, but with a reverse mortgage, you only need about half the down payment, depending on your age, and you don't have to use 100% cash. If you sell your current home and downsize, you can still keep half of the Cash on hand.

#2 When you suddenly need cash, for example, you need a large sum of money for roof repairs, medical bills, or car repairs, problems happen when you least expect it. With a regular loan, monthly payments begin, but with a reverse mortgage, no payments occur. This program was created so that seniors can use their homeownership and not have to worry about money problems.

#3 Increase your retirement income. We live in a world of fast-paced political and economic change. Even if you think you have a retirement plan in place, you can't help but feel anxious about the future. Recently, financial planners have begun to focus on this reverse mortgage. In addition to Social Security, you can also use a reverse mortgage to generate, for example, ＄ 1000 extra income each month. （ Unlike in the past, the FHA rules have improved and financial planners are now comfortable recommending this mortgage. The cost is now the same as a regular loan. ）

Even if you have a loan on your home now, you can convert it to a reverse mortgage. Also, since the income is not paying off the loan, you will only be considered to be able to pay property taxes, fire insurance, and Home Owners Due （ ） if any. We would be happy to help you live a long and meaningful life. Please do not hesitate to contact us （ free of charge ） to discuss any concerns you may have about your own or your parents' retirement.


There are many questions about loans.
Please leave it to Mitsuko Miller.
We provide accurate information so that Japanese people do not lose money without understanding about loans.

Please feel free to contact us.

■ Groves Capital, Inc. Mitsuko Miller ）
has been a loan officer since 1993. Licensed in California, Oregon and Washington. She has clients throughout the U.S. and can respond to inquiries from Japan.

TEL : +1 (206) 679-3371Please mention [Vivinavi]

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Peace of mind for your future plans ・ We can help you find a mortgage that you will be happy with. When buying a home, please consult with a loan company first, and Groves Capital offers both bank and broker programs. We will help you choose the best plan for you by informing you of the advantages and disadvantages of each ！.

  • Posted : 2025/03/21
  • Published : 2025/03/21
  • Changed : 2025/03/21
  • Total View : 45 persons
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