Proprietary Loan Program
Reverse 2nd Mortgage
Access your home equity without touching your low-rate first mortgage — no monthly payments required.
Program Overview
What Is a Reverse 2nd Mortgage?
A Reverse 2nd Mortgage is a proprietary reverse mortgage that sits in second lien position behind your existing first mortgage. This innovative program is designed specifically for homeowners who have a low-interest-rate first mortgage they want to keep — but still need access to their home equity.
Unlike a traditional cash-out refinance, a Reverse 2nd does not disturb your current first mortgage. You keep your existing rate and terms while gaining access to tax-free funds from your equity — with no monthly mortgage payment required on the reverse second.
Keep Your Low-Rate First
Preserve your existing first mortgage and its favorable interest rate while still accessing your equity.
No Monthly Payments
The reverse 2nd requires no monthly mortgage payments — freeing up your cash flow in retirement.
Tax-Free Cash Access
Funds received are generally not considered taxable income — consult your tax advisor for your situation.
No Refinance Required
Avoid the cost and hassle of refinancing your first mortgage just to access your equity.
Best Fit
Who Is This Program Ideal For?
The Reverse 2nd is a powerful solution for homeowners who secured a low interest rate on their first mortgage and do not want to give it up. If you need cash for retirement expenses, medical bills, home improvements, or simply want a financial cushion — but refinancing your first mortgage would cost you a significantly higher rate — this program may be the right fit.
This program is particularly well-suited for borrowers who have substantial equity in their home and want to leverage it without disrupting the financial structure they have already built.
Homeowners with a Low-Rate First Mortgage
Protect your existing rate while still accessing the equity you have built over the years.
Retirees Seeking Cash Flow
Supplement retirement income without selling your home or taking on monthly loan payments.
Borrowers Who Want to Avoid Refinancing
Skip the cost and disruption of a full refinance — access equity on its own terms.
Qualifying Guidelines
Credit & Income Requirements
Because the borrower retains their existing first mortgage, the lender must verify that you have the financial capacity to continue meeting all ongoing obligations — including your first mortgage payment, property taxes, homeowners insurance, HOA dues, and general upkeep.
Minimum FICO Score: 600
A minimum credit score of 600 is required to qualify for a Reverse 2nd Mortgage. Borrowers with a FICO score of 720 or higher benefit from a simplified income review — the lender will use your stated income rather than requiring full income documentation and qualification.
Full Income Qualification
Income must be fully documented and qualified. The lender will verify that your income is sufficient to cover your first mortgage payment plus all ongoing property obligations.
Stated Income
Borrowers with a FICO of 720 or higher qualify using stated income — no full income documentation or debt-to-income calculation required.
Who Qualifies
Eligibility Requirements
Must be 62 years of age or older (55+ may qualify depending on program)
Must have an existing first mortgage with sufficient remaining equity
Must occupy the home as your primary residence
Must maintain the property and keep taxes and insurance current
Property must meet lender guidelines for condition and type
Find Out If a Reverse 2nd Is Right for You
Call me today for a no-obligation consultation. I will review your current mortgage, your equity position, and help you determine if a Reverse 2nd makes sense for your retirement goals.
NMLS #1521694 | CABRE #02040832
Get In Touch
Call Or Email Today For Your Free Loan Consultation
Reach out today for a no-obligation consultation. David will walk you through your options and help you determine the best path forward.
David Simon
Sr. Loan Officer & Reverse Mortgage Specialist
NMLS #1521694 | CABRE #02040832
Cell
(818) 232-1171
[email protected]
Office
Secured Capital Funding
17662 Irvine Blvd. Suite 6
Tustin, CA 92780
NMLS #1649122 | CABRE #01220151
"The highest compliment you can pay me is a referral to your family and friends."