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Merced Reverse Mortgages

Get the best reverse mortgage deals in Merced, California.  

Meet Ed Walters

Ed Walters Reverse Mortgages

Ed Walters

Branch Manager

NMLS #254330




Edward Walters and Primary Residential Mortgage make an outstanding team to talk to in Merced if you’re wondering whether a reverse mortgage is right for you, from Winton to Chowchilla or anywhere in San Joaquin Valley.

Ed is a reverse mortgage specialist with more than 30 years of experience in finance.

Merced Theatre
Caption: Merced Theatre Credit: Mark Miller, CC BY-SA 3.0, via Wikimedia Commons

He has loved spending the last 20 of them specializing in the sale of reverse mortgages to senior citizens in need. 

Ed is a great listener, thorough, dependable and honest and he will work hard to educate you, your family and your financial advisers on all aspects of a reverse mortgage.

He was raised by strict but loving parents on a dairy farm, who held him and his siblings accountable for their work and their ethics, rising at 4am to begin their daily chores.

Ed’s first job was with the Shell Oil Company and he later owned his own Shell station for seven years.

After receiving his Masters in Divinity, he became a minister and counselor for 16 years, before returning to the business world.

Ed is diligent, kind and caring and always tries to live by the golden rule of “doing unto others as you would have them do unto you”.

What is a reverse mortgage?

A reverse mortgage remains one of the vastly under-utilized tools of the loan industry.

But that is changing every day as more and more seniors begin to realize its power and potential.

It is tailor-made for seniors who own their own home but are watching their retirement funds evaporate as they struggle with the rising cost of living.

If you are at least 62 years of age, you are eligible to apply for this loan which gives you the chance to transform the equity you have in your home into a supplementary income stream.

This can put to bed any fears you may have of being forced into selling your home to see out your retirement.

Instead, approved applicants can begin thinking about enjoying their sunset years in their beloved home and doing so in some style as well.

Homeowners can access funds in a number of different ways including a lump sum payment, monthly installments or a line of credit – a combination of all three is also possible.

One of the great features of this loan is that as long as the terms are met, there is no need to repay it until either the homeowner sells the residence or the last surviving borrower passes away.

A booming market has seen homeowners in Merced enjoy a substantial 25.9 percent bump in the value of their properties over the last 12 months.

It’s taken average prices to $402,883 (as at July 22) (

There are 334 people in the Merced area with a reverse mortgage with 52 of them having purchased one in the last 12 months.

About Merced, California

Merced is Spanish for “Mercy” and takes its name from the river, known since 1806 as El Río de Nuestra Señora de la Mercedes or the “River of Our Lady of Mercy”.

The city of more than 85,000 lies on Bear Creek in Merced County, around 55 miles northwest of Fresno.

It is known as the “Gateway to Yosemite” which rises around 80 miles to the northeast, while the pristine waters of Monterey Bay are just 120 miles to the southwest.

A noted education hub, Merced is home to the Merced College and the University of California, Merced, which opened in 2005, becoming that university’s 10th campus and the first of the 21st century built for research.

Merced County also produces 92% of California’s potatoes with milk, almonds, cattle and chickens also important industries.

Kids love the Applegate Park and Zoo while big kids might be interested in the Castle Air Museum at nearby Atwater, which houses 40 vintage military aircraft from as far back as World War II.

Contact your Merced reverse mortgage lender today.

Ed and his team at Primary Residential are standing by to field all of your enquiries about reverse mortgages.

Please call him at (209) 554-1770 and he will gladly assist you.


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