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Bill Provost · Reverse Mortgage Options · Franklin Loan Center
Franklin Loan Center
Bill ProvostLoan Officer · NMLS #101876
Talk to Bill
Reverse Mortgage & Home Equity

You've taken care of your home. Now let it take care of you.

If staying at home is the goal, the equity you've built can help pay for care, comfort, and peace of mind — without selling and without a monthly mortgage payment.

See what your equity can do Explore the options
Bill Provost, Loan Officer at Franklin Loan Center
Bill ProvostHelping local families since day one
FHA-insured (HECM) options
No required monthly mortgage payment
Stay in the home you love
Try it yourself

What could your home equity do for you?

Move the sliders to see a rough, educational estimate of the funds a reverse mortgage might make available. It takes about ten seconds — no contact info required.

$
What your home would likely sell for today.
$
Any existing mortgage is paid off first with the proceeds. Enter $0 if your home is paid off.
Reverse mortgages (HECM) are for homeowners 62+. The older you are, the more you can typically access.
Estimated funds available to you
$0
after paying off your current mortgage
 
This is a simplified estimate before closing costs and lender fees, which are typically financed into the loan. Your actual figure depends on current interest rates, the appraised value, and program limits.
Get my personalized estimate
Please read: This calculator is for general education only. It is not a loan offer, quote, or commitment to lend, and the numbers shown are estimates that may differ significantly from an actual proposal. Reverse mortgage proceeds are generally not treated as taxable income, but receiving them as cash may affect eligibility for need-based programs such as Medi-Cal/Medicaid or SSI. Talk with Bill and your own financial, tax, and benefits advisors before deciding.
Four ways to use it

One loan, several ways to put it to work

A reverse mortgage isn't one-size-fits-all. Here are the most common ways homeowners use their equity to make life — and care — easier.

Eliminate the monthly payment

If you still carry a mortgage, paying it off frees up cash flow right away — money that can go straight toward care or daily living.

Best for: tight monthly budgets

A growing line of credit

Open a line now and let the available amount grow over time. Draw only what you use — a ready reserve for whenever care needs change.

Best for: planning ahead

Steady monthly cash flow

Turn equity into dependable monthly deposits to help cover caregivers, in-home services, and everyday expenses for as long as you live in the home.

Best for: covering ongoing care

A one-time lump sum

Fund home modifications that make aging in place possible — ramps, walk-in showers, stair lifts — or cover a larger upfront cost.

Best for: making the home care-ready
Honest guidance

Is a reverse mortgage right for your family?

It tends to be a good fit when:

  • The goal is to stay in the home rather than sell or move.
  • There's meaningful equity, but limited monthly cash flow.
  • Care costs are rising and savings alone won't keep up.
  • The family wants a plan, not a last-minute scramble.

What stays your responsibility

A reverse mortgage is a home-secured loan that reduces the equity in your home over time. You keep the title and continue to live there, but you must keep up with property taxes, homeowners insurance, and home maintenance — falling behind on these can put the loan in default. Bill will walk through every detail so there are no surprises.

Bill Provost
Your loan officer

Meet Bill Provost

Bill helps homeowners and their families understand their options clearly and without pressure. He believes a reverse mortgage decision is a family decision — so he's glad to sit down with you, your children, and your advisors to make sure everyone understands the numbers and the choices. No jargon, no rush, no obligation.

(760) 282-4115
bprovost@franklinlc.com
NMLS #101876
No pressure, no obligation

Let's see what's possible

Send Bill a quick note and he'll follow up with a personalized estimate and answer any questions you and your family have.

Franklin Loan Center
Bill Provost · Loan Officer NMLS #101876 · (760) 282-4115
bprovost@franklinlc.com
Equal Housing Opportunity
Franklin Loan Center 44-800 Village Ct
Palm Desert, CA 92260
Company NMLS #237653

This material is provided for educational purposes only and is not financial, tax, or legal advice. It is not an offer to lend or a commitment to make any loan. All figures and calculator results are estimates and are not guaranteed; actual loan terms depend on a complete application, credit and property review, current interest rates, appraised value, and applicable program limits, which change over time.

A reverse mortgage is a home-secured loan that must be repaid when the last borrower no longer lives in the home as a primary residence. Borrowers remain responsible for property taxes, homeowners insurance, and property maintenance; failure to meet these obligations may result in default and foreclosure. A reverse mortgage reduces the equity in your home and the inheritance available to your heirs. Consult your financial, tax, and estate professionals regarding your specific circumstances. Reverse mortgage proceeds may affect eligibility for certain need-based government benefits.

This material has not been reviewed, approved, or issued by HUD, FHA, or any government agency. The Home Equity Conversion Mortgage (HECM) program is insured by the Federal Housing Administration. Always Best Care is referenced for the convenience of readers and is an independent third party; no endorsement is expressed or implied.

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