“Turning Passion into Purpose in Southern California Real Estate"

With Scott and Caroline Doan Realtors®

GET A FREE HOME VALUATION 

GET A FREE HOME VALUATION 

Get Your Complimentary Valuation And A Complimentary Home Selling Guide From Scott and Caroline Doan, Your Go To

Realtors of Southern California.

Get Your Complimentary Valuation And A Complimentary Home Selling Guide.


GET A FREE HOME VALUATION 

Get Your Complimentary Valuation And A Complimentary Home Selling Guide From Scott and Caroline Doan, Your Go To Realtors of Southern California.

Our Company Has Been Featured In:
Our Company Has Been Featured In:

How We Calculate

The Estimate:

Up To Date Data

We compare your home to similar properties in your area and analyze recent sales to ensure your estimate reflects the latest market trends.

Market Research

Our Home Valuation process takes into account your home's location, size, and condition.

We also consider recent renovations and review what major real estate platforms like Realtor.com, Zillow, Homes.com, and Redfin are reporting about your property to provide a more complete and current estimate.

Backed By Agent Expertise

With extensive experience in the real estate industry, we understand what truly drives your home’s value and we use that expertise to provide an accurate, market-driven estimate.

How do your know when it is the right to sell?

Answer: Using our 'HOME WEALTH' report can provide you with specific insights into your property’s value and the market, helping you make an informed decision.

Market Research

Our Home Valuation process takes into account your home's location, size, and condition.

We also consider recent renovations and review what major real estate platforms like Realtor.com, Zillow, Homes.com, and Redfin are reporting about your property to provide a more complete and current estimate.

Up To Date Data

We compare your home to similar properties in your area and analyze recent sales to ensure your estimate reflects the latest market trends.

Backed By Agent Expertise

With extensive experience in the real estate industry, we understand what truly drives your home’s value and we use that expertise to provide an accurate, market-driven estimate.

Download Scott and Caroline DOans GUIDE FOR SELLING YOUR HOME

Download our Guide for Selling Your Home your go-to resource for understanding every step of the selling process. Whether you're a first-time seller or just need a refresher, this guidebook offers expert insights, staging tips, pricing strategies, and more. All in one place.

Get Your Complimentary Guidebook Today and take the first step toward a successful sale.

Download my Guide for Selling Your Home your go-to resource for understanding every step of the selling process. Whether you're a first-time seller or just need a refresher, this guidebook offers expert insights, staging tips, pricing strategies, and more. All in one place.


Get Your Complimentary Guidebook Today and take the first step toward a successful sale.

We Have Digital Marketing Experience And We Leverage The Most Important Websites When Marketing For Our Clients.

WHY WORK WITH US

$150+M

SOLD

Top 10% 

of Small Teams Statewide

5 Star Rated

on Google and ZIllow

Paid Advertising 

(Google & Social Ads)

Looking to Buy or Sell a Home? 

Don’t Worry We Have The Experience And Negotiating Skills To Help.

Looking to Buy or

Sell a Home? 

Don’t Worry We Have The Experience And Negotiating Skills To Help.

  • Over x Years Experience
  • ​Over X Properties Sold
  • Over X Properties Purchased
  • Designation 1
  • ​Designation 2
  • ​​Digital Marketing Expert
  • ​​Google Marketing Expert
  • ​​1 Click to Call, Text or Email
  • Over 25 Years of Experience

  • ​Over 592 Properties Sold

  • Average Price $1.1M 

  • ​Designation - Short Sales and Foreclosure Resource (SFR®)

  • ​Certified Luxury Home Marketing Specialist (CLHMS)

  • ​​Digital Marketing Expert

  • ​​Google Marketing Expert

  • ​Accredited Buyer's Representative (ABR®)

  • ​Certified Staging Expert

  • Certified Transaction Coordinator (CTC)

  • Professional Photography & 3D Virtual Tours

  • Senior Transition Specialist (STS)

Why Clients Choose Us:

Let's Talk about How We Can Help You

Let's Talk about How We Can Help You

Book a complimentary home valuation, and let us show you how we've helped homebuyers and homeowners navigate the process with confidence.

Book a complimentary home valuation, and let us show you how we've helped homebuyers and homeowners navigate the process with confidence.

Ready to take the next step?

Contact them today and turn your real estate goals into reality.

Scott and Caroline Doan Realtors®

Reverse Mortgages: Questions to Learn About the Law and Qualifications Here

April 28, 20263 min read

Reverse Mortgages: Questions to Learn About the Law and Qualifications Here

1. What is a reverse mortgage?
A reverse mortgage is a loan allowing homeowners, typically age 62 or older, to convert a portion of their home equity into cash without selling their home.

2. How do I qualify for a reverse mortgage?
To be eligible for a reverse mortgage, you must be at least 62 years old and occupy your home as your principal residence. You must have enough equity to pay off any outstanding balances, and all applicants undergo a financial assessment to determine their financial capacity and obligations.

3. How much money could I get?
The loan amount depends on factors including your age, home value, existing liens, and interest rates. HUD limits borrowers to using 60% of the available funds in the first year. You can receive cash through a lump sum, a line of credit, monthly payments, or a combination. After the first year, additional access to funds may be available.

4. How do I receive my money?
You can receive your funds as a lump sum (up to HUD's maximum for the first year), establish a line of credit, set up monthly payments, or choose a combination. Note that fixed-rate reverse mortgages only permit a single disbursement lump sum payment plan.

5. What costs are associated with a reverse mortgage?
Costs can include an origination fee paid to the lender, a mortgage insurance premium (MIP) for FHA loans, and various appraisal, title, and settlement fees. All fees are outlined in the Good Faith Estimate (GFE), and you may encounter monthly servicing fees.

6. What are the FHA Mortgage Insurance Premium charges?
FHA requires an upfront MIP, calculated based on your home's appraised value or a maximum of $1,249,125 (2026 national limit). Ongoing MIP is calculated on each month’s outstanding loan balance.

7. Is it required that I receive counseling before getting a reverse mortgage?
Yes, counseling with a HUD-approved independent third-party counselor is mandatory to protect borrowers from misinformation. The lender must receive the counseling certificate before closing the loan.

8. Do I get taxed on the money I receive from my reverse mortgage?
Generally, the proceeds are not subject to individual income taxation, but it’s advisable to consult with a tax advisor for personalized guidance.

9. Do I have to pay any fees to the reverse mortgage lender during the course of my loan?
Reverse mortgages are designed so that borrowers don’t have to pay most fees during the loan term. Upfront costs may include appraisal and counseling fees, while monthly servicing fees could apply.

Differences Between HUD-Approved Reverse Mortgages and SecureEquity Reverse Mortgages

SecureEquity Reverse Mortgage:
This proprietary (non-FHA) jumbo loan is designed for high-value homes, allowing borrowers aged 55 and older to access up to $4 million in equity.

  • Loan Limits: Up to $4 million, bypassing the 2026 FHA limit of $1,249,125.

  • Minimum Age: Generally 55 years old (lower than the 62 required for FHA loans).

  • Property Types: Suitable for high-value homes.

  • Disbursement: Funds are typically received as a single lump sum.

  • Costs: No upfront FHA mortgage insurance premiums (MIP) are required.

Pros and Cons of SecureEquity Mortgage:

  • Pros: Higher borrowing capacity for expensive homes, lower age requirement, and no monthly mortgage insurance premiums.

  • Cons: Not FHA-insured (private loan), higher interest rates compared to traditional HECMs, and limited to a lump-sum payout.

Borrowers must still pay property taxes, homeowners insurance, and maintain the home. This option is designed specifically for seniors with significant home equity looking for higher loan amounts than traditional government programs permit.


Scott and Caroline Doan Realtors®

(951) 541-3498

Realty Executives

28581 Old Town Front St. #100

Temecula, Ca. 92591

[email protected]

Buyers start here

Sellers start here

DRE#02248461​

reverse mortgagehow much does a reverse mortgage costbenefits of a reverse mortgageFHA approved reverse mortgageSecureEquity loanhow to live longer in my homehow does a reverse mortgage workScott and Caroline Doan Realtors®
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Scott and Caroline Doan Realtors®

Unlock your real estate dreams with Scott and Caroline Doan, highly regarded dual licensed Realtors® with over two decades of experience in California and Florida. Based in Southern California, they proudly serve Western Riverside, San Diego, and Orange counties. In Naples, Florida, their dedicated team continues to provide exceptional service to Scott and Caroline’s clients. Having closed over $125 million in real estate transactions, they have made a significant impact in the industry, earning a reputation for excellence and results. Whether you are searching for your ideal home or aiming for a successful sale, their innovative strategies, in-depth local knowledge, and client-centric approach ensure a smooth and rewarding experience. Trust Scott and Caroline Doan to guide you through the market with professionalism, integrity, and a genuine commitment to your success.

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Scott and Caroline Doan Realtors® | DRE #02248461 | (951) 541-3498