Carlos Camargo, Reverse Mortgage Professional, NMLS #362117, Ventura CA

An amazing interest rate of 2.835% was locked in today for another Very Satisfied Client who utilized a Home Equity Conversion Mortgage (aka HECM, which is also known as the Government-insured Reverse Mortgage program) to Purchase his new home in Port Hueneme so he could be closer to family here in Oxnard and Ventura, CA. If you know of any person that is at least 62 years of age or older, they automatically qualify for the HECM & Private Reverse Mortgage programs and it mig...ht be the best financing option for older clients like our client today. Most know that Reverse Mortgages can be used for Refinances, but many are unaware of the HECM for Purchase transactions. Our Ventura, CA Reverse Mortgage Branch of Open Mortgage, LLC. (NMLS #2975) offers Free Consultations and a Custom Reverse Mortgage Analysis to those 62 and older or their families, friends, or Trusted Advisers. If you know anyone that might be interested in moving closer to family or friends like our client please feel free to contact Carlos Camargo, Reverse Mortgage Specialist (NMLS #362117), and Branch Manager (NMLS #1005994) for Ventura, CA. Carlos and his team primarily serve Ventura, Santa Barbara, and Los Angeles Counties. (Equal Opportunity Lender, nmlsconsumeraccess.org) #HECM #ReverseMortgage #HomeEquityConversionMortgage #HECM4Purchase #HomeEquitySolutions #PurchaseReverseMortgages See more

Did you know that you can get a Reverse Mortgage loan on a Condo? And how about a 2.576% interest rate!

How much will the COVID-19 pandemic change our communities and with so much uncertainty about our nation's economy will we finally see older homeowners and their families and/or their trusted advisors look at all of their options for preretirement and post-retirement planning? There are over $7.23 Trillion dollars of Home Equity in senior households (at least 62+ years of age or older) and yet Home Equity rarely is used or recommended as an integral part of Retirement plann...ing? The Home Equity Conversion Mortgage (aka HECM) is the most common form of Reverse Mortgages available today and yet less than 2% of senior households have obtained a Reverse Mortgage. In addition to the government-insured HECM Reverse Mortgages, there are now Private Reverse Mortgages that lend on homes valued up to $10 Million. The Coronavirus has older homeowners and their families sheltering in place and many are concerned about their jobs, retirement portfolios, and many have lost a portion or all of their income due to the pandemic. Access to a homeowner's Home Equity might or might not be a good fit for Affluent & Mass-Affluent clients versus the traditional clients that have traditionally been "needs base" individuals, but will consumers take the time to do their own homework? Here is a link to the most recent "Senior Housing Wealth" statistics that show a New Record of $7.23 Trillion dollars of Home Equity is now in homes that are owned by those that are 62+ years of age and one of the advantages of using a Reverse Mortgage to access Home Equity versus traditional loans or lines of credit is the Cash Flow benefits of choosing whether or not to make a payment towards the Principal & Interest balance. Another option of the HECM LIBOR program is an open-end line of credit that a homeowner can use at any time if they need it. If you have any questions or would like additional information on any of today's Reverse Mortgage programs please feel free to contact Carlos Camargo, Reverse Mortgage Specialist (NMLS #362117) and Ventura, CA Branch Manager for Open Mortgage, LLC's Reverse Mortgage Division. (NMLS #2975) https://www.nrmlaonline.org//senior-housing-wealth-reaches #SeniorHousingWealthReachesNewRecord #RetirementPlanning #HomeEquityOptions #HECM & #PrivateReverseMortgages #HomeEquityConversionMortgage #ReverseMortgage #62PlusReverseMortgages See more

The Ventura Family YMCA will be having a Financial Planning Workshop on January 29, 2020. At the Free workshop, you will be able to hear and ask questions from Carlos Camargo and Rick Jeffery. Carlos is a local Reverse Mortgage Specialist (NMLS #362117) and Ventura, CA Branch Manager with Open Mortgage, LLC. (NMLS #2975). Rick is a Certified Financial Planner. Both will work with you to plan your Financial Wellness for 2020 and beyond. The Envision Your Financial Wellness event will take place at the Ventura YMCA (3760 Telegraph Road, Ventura, CA 93003) For Reverse Mortgage information please contact Carlos and his team by phone (805-985-2808) or at our office in the Ventura Harbor (3639 E. Harbor Blvd., Suite 118, Ventura CA 93001)

Another 5-Star Review from an Oxnard, CA client who was looking for a Private Reverse Mortgage especially since she had trouble getting one from other Brokers as well as the Call Centers that advertise on TV. Would you like to work with a Local Reverse Mortgage Professional that has specialized in Reverse Mortgages in Ventura, Santa Barbara and Los Angeles Counties for over 12 years? If so, then feel free to contact Carlos Camargo, Reverse Mortgage Specialist (NMLS #362117) & Branch Manager for Open Mortgage, LLC's Ventura, CA Reverse Mortgage Division (NMLS #2975 & NMLS #1005994)

Do you know anyone that would like to Age In Place in a more desirable home? If they are at least 62 years of age or older they might be able to double the Purchasing Power by using a Home Equity Conversion Mortgage (aka HECM) to Purchase their next home and have the flexibility of "Optional Mortgage Payments" without any Late fees or pre-payment penalties. If you or a friend, family member or client have any questions or would like additional information about any of the... government-insured HECM Reverse Mortgages or Private Jumbo Reverse Mortgage programs please feel free to contact Carlos Camargo, Reverse Mortgage Specialist (NMLS #362117) & Ventura, CA Branch Manager for Open Mortgage, LLC (NMLS #2975). Carlos can be reached by phone at 805-985-2808 or 818-324-3802, via email: [email protected] or at our Ventura Harbor location: 3639 Harbor Blvd., Suite 118, Ventura, CA 93001 http://files.marcomcentral.app.pti.com//S/OMREV_H4P_SM.jpg See more

What are the two items that will have the biggest influence on your growth over the next 5 years?....The books you read and the People that you associate with. I've heard it before, but what a Nugget that I just picked up in a different context and from people that I have never met (#JimBogear & #JerolynBogear --- Modeling Significance for my Children and for my Reverse Mortgage business.

Take a look at this really nice 5-Star Reviews on Reach 150 (see link below) from one of my Private Jumbo Reverse Mortgage clients who lives in Santa Barbara, California. The New Private Reverse Mortgage Programs lend up to $4,000,000 and like the Home Equity Conversion Mortgages (aka a HECM-the HECM is the government insured Reverse Mortgage program) the homeowner(s) is/are able to make Monthly Mortgage payments if they want to without ever having to worry about late fees a...nd penalties. If they want to make a payment they have the flexibility of choosing any amount and they can decide to make a payment anytime they want to. And if they want to make a payment it can be Principal & Interest payments, Interest-Only payments, a payment of any amount including the option of Never Having to Make a Monthly Mortgage payment as long as they live in their home as their primary residence. The homeowner(s) are still responsible for taking care of their home and staying current on their County Property Tax Installment payments as well as paying their Homeowner's Insurance and HOA fees (if those are applicable). If you know anyone that is looking into the Strategic benefits of incorporating their Home Equity in conjunction with their Retirement Planning then please forward and share this review and/or have them contact our office in Ventura, CA. Carlos Camargo, Reverse Mortgage Specialist (NMLS #362117) and Branch Manager for Open Mortgage, LLC (NMLS #2975) offers Free Consultations and a Customized Reverse Mortgage Analysis in the comfort of the borrower's home, at an Adviser's office or at our Branch. Currently serving homeowners in Ventura, Los Angeles, and Santa Barbara Counties. See more

When should you take Social Security (SS) benefits and how much money will you need for your Retirement? Those aren't simple questions to answer with 2,500+ rules to the SS benefits/programs as well as questions about the survivability of today's SS Program and not knowing other factors like...how long you will live. Current SS statistics show that if you make it to age 65, then the average person will live another 19.4 years and make it to 85+. The best guidance I have he...ard or read from Financial Advisers (to get the most amount of money) is to differ taking SS benefits as long as possible and/or to wait until age 70 when the benefits are maximized. So here's a question for you...How do we help educate everyone that has contributed into SS that they can get 76% more money if they wait until age 70 especially if they might need to Fund their Retirement to Age 85, 90 or even to 100? An alarming statistic shows that over 70% of men and just under 70% of women are taking their SS benefits at Age 62 which is going to have huge issues in the future. A little known Retirement Planning Strategy for homeowners is to use a Reverse Mortgage to differ their SS especially if they need access to the money that they would have received from SS from age 62 to 70 in order to maximize their SS benefits. The money from the Reverse Mortgage is Tax-Free (just like other Home Equity loans), but the Reverse Mortgage is the only Residential loan that does NOT require a Monthly Mortgage payment. (Homeowners are required to stay current and pay their County Property Taxes, Homeowner's Insurance and HOA fees, but they do not have to make a mortgage payment (unless they want to). For additional information please contact Carlos Camargo, Reverse Mortgage Specialist (NMLS #362117) and Ventura, CA Branch Manager for Open Mortgage, LLC (NMLS #2975 & NMLS #1005994) See more

Does it make sense for 70% of Americans to take Social Security benefits at 62? Taking SS at 62 incurs the highest penalty versus delaying to age 67-70 so they can receive up to 70% more if they wait until age 70? Should Retirement planning include the use of Strategic options such as The Home Equity Conversion Mortgage (The "HECM" is the most popular Reverse Mortgage) and Private Reverse Mortgages which allow homeowners over 62 to access a portion of their Home Equity while continuing to live in their home and to have the flexibility of making or NOT making monthly mortgage payments (they are still responsible for living in their home and staying current on their Property Taxes, Homeowner's Insurance and HOA fees, if applicable)?

Similar classes are also available in Ventura and most cities in Ventura County.

Do you know anyone that lives in the City of Oxnard that would like Classes on Being Water Wise? Oxnard is offering Free California Friendly Landscape Training at the Oxnard Performing Arts Center tomorrow April 13th from 9:00 am to 12:00 pm as well as Hands-on Drip Irrigation Training Apr 20th, May 18th or June 15th at the Oxnard Historic Farm Park (see attached flyer). Water Saving Rebates are available at BeWaterWise.com . And if you know anyone that is looking for Reve...rse Mortgage information about the government insured Home Equity Conversion Mortgage (aka HECM) or the New Private Reverse Mortgage programs we offer Free Consultations as well as a Custom Reverse Mortgage Analysis. Please feel free to contact our office for a Private Appointment in your home, in our office or in a mutually agreeable location with Carlos Camargo, Reverse Mortgage Specialist (NMLS #362117 / NMLS #1005994) and Ventura, CA Branch Manager for Open Mortgage, LLC (NMLS #2975 Equal Housing Opportunity nmlsconsumeraccess.org) Licensed under the CA Dept. of Business Oversight RMLA. See more