Wave Crest Financial Group | Reverse Mortgage Specialists in California

WHAT A REVERSE MORTGAGE DOES

Turn home equity into cash flow without selling or moving.

Stay in the home you already own

A Home Equity Conversion Mortgage (HECM) lets homeowners aged 62 and over convert part of their home's equity into cash, a line of credit, or monthly payments — while keeping title to the home and continuing to live in it.

It is a federally insured loan, not a sale. You stay responsible for property taxes, homeowners insurance and upkeep, and the balance is settled when the last borrower permanently leaves the home. Whether that trade makes sense for your situation is exactly the conversation we have with every client.

No monthly mortgage payments

Payments on your existing mortgage stop. Most of our clients use part of the proceeds to pay off the loan they already have.

Brown pelicans gliding over the Southern California coast

WHY WAVE CREST

You know your home. We know these loans.

25+ years, on average

Our team's average experience exceeds 25 years in mortgage lending and real estate. Founded in 2001, based in Monarch Beach, Orange County.

98%+ refer someone

More than 98% of our clients go on to refer someone they know. Personal service is not a slogan here — it is how the firm operates.

Plain language, start to finish

You work directly with experienced professionals who return calls, explain the trade-offs, and stay with you from the first conversation through closing.

A California home set into a green canyon hillside

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Most of the people we work with have lived in the same house for twenty or thirty years. The job is to help them stay in it.

Wave Crest Financial Group

The questions homeowners ask us most

Who actually qualifies?

You need to be 62 or older, own the home, and live in it as your primary residence. There is a financial assessment, but not a conventional credit score cutoff. One conversation is usually enough to tell whether it is worth going further.

Eligibility

HECM basics

Does the bank take my house?

No. You keep title to the home. The loan is secured against it the same way any mortgage is, and you stay responsible for property taxes, insurance and upkeep.

Ownership

Title and responsibilities

What happens to my heirs?

The loan comes due when the last borrower permanently leaves the home. Heirs can repay it and keep the house, or sell and keep whatever equity remains. A HECM is non-recourse, so they never owe more than the home is worth.

Your heirs

Repayment

What does it cost?

There are origination, mortgage insurance and closing costs, and they are real money. We put the full figure in front of you, next to what you would actually receive, before you commit to anything.

Costs

Fees and insurance

How long does it take?

Most files close in 30 to 45 days. HUD requires independent counselling with an approved agency before a HECM can proceed, and we help you arrange it.

Timing

The process

How it works

Two-storey family home on a sloping California lot

1. A real conversation

Tell us about the home, any mortgage on it, and what you are trying to solve. We will say plainly whether a reverse mortgage helps, including when it does not.

Single-storey California home at dusk with the porch lit

2. Counselling and numbers

HUD requires independent counselling before any HECM. We help you arrange it, then set the full cost and the full benefit side by side so you can compare them honestly.

Spanish-style ranch home with a tile roof, Fallbrook, California

3. Application to closing

Appraisal, underwriting and closing typically run 30 to 45 days. The same people you started with handle the file the whole way through.

Talk to us

Your home can do more for your retirement.