Bill Provost, Sr. Loan Officer · Sales Manager · NMLS #101876
Build wealth with real estate. Retire with confidence.
Your home can be the foundation of your financial plan, from your first purchase to your retirement years.
Sr. Loan Officer | Sales Manager
NMLS #101876 | CalDRE #01867503
Licensed in CA, WA
43525 Ridge Park Drive, Suite 100, Temecula, CA 92590
- Licensed in California and Washington
- Local to Temecula
- New video every week
- Apply online anytime
Buying a home
The best time to talk to a lender is before you start shopping. I’ll explain your down payment options, compare loan types, and walk you through each step from offer to keys, so you can shop with confidence.
- Recent pay stubs and W-2s, or tax returns if self-employed
- Recent bank statements
- A photo ID
Your lender may request additional documents.
Refinancing
A refinance may help you change your payment, shorten your term, or tap equity for improvements or other goals. Whether it makes sense depends on your rate, the costs, and how long you plan to stay. I’ll run the numbers with you. Homeowners 62 and older can also ask me about reverse mortgage options, including FHA-insured and proprietary programs.
- Change your monthly payment
- Shorten your loan term
- Use home equity for improvements or other goals
Results vary. Refinancing has costs.
Reverse mortgage
A reverse mortgage lets eligible homeowners 62 and older turn part of their home equity into cash. I can walk you through both the FHA-insured program (HECM) and proprietary programs, which are not FHA-insured and have their own guidelines. Each has its own eligibility rules, limits, and costs, so we compare them side by side. With either type, you keep title to your home and remain responsible for property taxes, homeowners insurance, and upkeep. The loan generally becomes due when the last borrower no longer lives in the home. I walk every client through how it works, what it costs, and what it means for heirs.
- Age 62 or older
- Home is your primary residence
- Enough equity in the home
- Counseling (HUD-approved counseling is required for FHA-insured loans)
Other requirements and costs apply.
A long-term path to a more secure retirement
Here’s the path many homeowners follow, and what I walk every client through. Everyone’s situation is different.
- Buy your homeYour primary residence is often the first and biggest step in building equity.
- Build equityPaying down your loan and, over time, rising values can add to your net worth. Values can also fall.
- Add a rental or twoRental property can add income and long-term growth. It also carries risk, so we plan it carefully.
- Plan for retirementOwning your home free and clear can lower your living costs and make retirement income go further.
- Does a reverse mortgage make sense?For homeowners 62 and older, it may be an option for using home equity in retirement, through the FHA-insured program or proprietary programs. It isn’t right for everyone, so we look at the costs, your goals, and what it means for your heirs. Learn more
General education only, not tax, legal, or financial advice. Talk with a qualified professional about your situation.
One lender, a wide range of loan options
Not every borrower fits a standard loan. Franklin offers a broad menu of programs, so we can look for the one that fits your situation and your goals.
- ConventionalA common choice for buyers and refinancers with solid credit and down payment or equity.
- FHAGovernment-insured loans with flexible qualifying guidelines.
- VABenefits for eligible veterans, service members, and surviving spouses.
- Self-employed and investor loansAlternative documentation options for borrowers whose income doesn’t fit a standard tax-return review.
- Reverse mortgageFHA-insured and proprietary options for homeowners 62 and older to use home equity in retirement.
- Private equity (hard money)Short-term, asset-based financing for real estate investment opportunities.
- Construction and rehabFinancing to build a new home or renovate a property.
Subject to credit approval and program guidelines. Not all applicants will qualify. Private equity (hard money) loans are for business and investment purposes only, not for personal, family, or household use.
Tools and resources
Start with the question on your mind. Each tool gives you a plain-English answer.
- Home ownership tax savingsSee how owning a home can affect your taxes.
- Reverse mortgageFHA-insured and proprietary options for homeowners 62 and older.
- Mortgage calculatorsEstimate payments and see what’s possible.
- Loan programsConventional, FHA, VA, jumbo, and more.
- Local resourcesTrusted Temecula Valley businesses I recommend to my clients.
This week’s mortgage and real estate update
The Silver Lining of Gridlock: Why a Split Government Could Lower Mortgage Rates
A short video every week on rates, buying, refinancing, and building wealth through real estate. A written version is posted with each one.
Read the transcript · Past videosReal estate agent? Let’s work together.
I give your buyers and sellers clear answers early: loan options, pre-approvals, and regular updates, so they know where they stand at every step. I also share educational videos you can pass along to clients.
Past clients, friends, and family: your referrals mean the world to me.