Business Details
Reverse Mortgage Services in Palm Desert, CA
Reverse Mortgage Works specializes in reverse mortgage solutions, empowering retirees to access their home equity while maintaining ownership. With over 28 years of combined experience in financial services, our team of certified professionals prioritizes client needs through personalized guidance and transparent processes. We streamline lending to reduce costs, ensure competitive pricing, and provide educational resources to help clients make informed decisions.Our commitment to excellence is reflected in our industry certifications, community involvement, and guarantees on closing timelines and rate competitiveness. Headquartered in Palm Desert, California, we serve clients nationwide with a focus on integrity, expertise, and long-term financial well-being.
Services
Reverse Mortgage Loans
Home Purchase Loans
Credit Line Programs
HUD Counseling
Educational Seminars
Highlights and features
- We offer 28 years of experience in reverse mortgage lending and financial planning.
- Our team includes a Certified Reverse Mortgage Professional (CRMP) and Certified Senior Advisor (CSA).
- We guarantee competitive rates or a $150 gift card if matched by a competitor.
- Attend free educational seminars with no sales pressure to learn about reverse mortgage benefits.
- We provide a $500 closing cost credit if loans don't close within 60 days.
What people say
Very informative
No pressure to act
Dedicated team of experts
Services
Reverse Mortgage Loans
Reverse mortgage loans allow seniors to convert home equity into tax-free funds without monthly payments. Ideal for retirees needing financial flexibility while retaining home ownership. Our team ensures competitive rates and transparent terms.
Home Purchase Loans
Use reverse mortgage proceeds to purchase a new primary residence. Eliminate monthly payments while accessing equity. Designed for retirees relocating to age-friendly or accessible properties.
Credit Line Programs
Access funds as needed through a growing credit line. Adjustable rates let you withdraw amounts over time, with unused balances increasing annually. Ideal for managing unpredictable expenses.
HUD Counseling
FHA-required counseling sessions explain loan terms, alternatives, and financial implications. We provide referrals to HUD-certified agencies to ensure informed decision-making.
Educational Seminars
Attend free seminars covering reverse mortgage basics, tax implications, and estate planning. Led by certified professionals with no sales pressure or obligations.
People
Mark Anthony Erskine
President
Certified Reverse Mortgage Professional with 28 years in financial services. Graduated from UC Santa Barbara and Cal Lutheran University with an MBA. Leads community initiatives and holds industry certifications.
Questions
What is a reverse mortgage?
A reverse mortgage allows homeowners 62+ to convert home equity into tax-free funds without monthly payments, due when the home is vacated or sold.
How does a reverse mortgage affect heirs?
Heirs inherit the home but must repay the loan balance. Any remaining equity after repayment goes to the estate.
Are there income or credit requirements?
No minimum income or credit score is required, but borrowers must complete HUD-certified counseling.
What are the closing cost guarantees?
We guarantee competitive rates or a $150 gift card, and a $500 closing credit if loans don't close within 60 days.
Do you offer free educational seminars?
Yes, we host free lunch seminars with no sales pressure to explain reverse mortgage benefits and requirements.
