A Division of Central Coast Lending
Licensed by the Department of Financial Protection and Innovation under the California Residential Mortgage Lending Act, License No. 41DBO-74723. NMLS #328358
Discover Your Options with a Local Expert: Schedule Your Free, No-Pressure Consultation Today!
Myths Debunked
Book a call and learn the truth about why so many wealth managers are using Reverse Mortgage as an estate tax planning method
Myth: The lender takes ownership of your home
Reality: You retain ownership and title to your home with a reverse mortgage. The lender places a lien on the property, similar to a traditional mortgage.
Myth: You can't qualify if you still have a mortgage
Reality: You can get a reverse mortgage even with an existing mortgage, provided you use some proceeds to pay off the remaining balance.
Myth: Your heirs will inherit debt
Reality: Reverse mortgages are non-recourse loans, meaning neither you nor your heirs will owe more than the home's value, regardless of how much you borrowed.
Myth: Only desperate people get reverse mortgages
Reality: Many financially stable homeowners use reverse mortgages strategically as part of retirement planning.
Myth: There are no costs involved
Reality: Like traditional mortgages, reverse mortgages have closing costs, origination fees, mortgage insurance premiums, and interest.
Myth: You can't sell your home
Reality: You can sell your home at any time and pay off the reverse mortgage balance from the proceeds.
How To Learn More
Legacy Home Capital provides many opportunities to learn the facts about reverse mortgage so that you can make informed decisions about your Legacy
Join us for our live Webinar May 20th, 11Am Pacific, 2025
Learn the truth about current reverse mortgage programs, why the old stigmas are no longer valid and how to evaluate your circumstances to determine if a reverse mortgage or HECM might be right for you.
Our Event Includes:
An overview of current reverse mortgage offerings
A "Myth-Buster" segment dispelling the myths and outdated stigmas
Segment on how some wealthy individuals are using HECM as an estate tax strategy
Questions and Answers with the experts
What customers say about our Reverse Mortgages
Martha J., 73 - Retired Teacher
Bob and Eleanor W., 70 and 68 - Small Business Owners
James W., 77 - Widower and Retired Postal Worker
"After 40 years of teaching, I found myself house-rich but struggling with monthly expenses on my fixed income. My daughter suggested I look into a reverse mortgage, but I was skeptical at first. The team at Central Coast Lending took the time to explain everything thoroughly and answer all my questions without any pressure. They helped me understand that I could stay in my home and eliminate my monthly mortgage payment while accessing some of my home equity. The process was much simpler than I expected, and now I can finally enjoy my retirement without the constant financial stress. I've been able to renovate my bathroom to make it safer as I age and still have money set aside for unexpected expenses. It's given me such peace of mind."
"We spent decades building our business and paying off our family home, but we hadn't saved enough for the retirement lifestyle we hoped for. When medical bills started piling up after Eleanor's health issues, we were worried about our financial future. Our financial advisor recommended we speak with Jason Grote at Central Coast Lending about a reverse mortgage. Jason was so patient and educational, he walked us through every scenario and helped us understand how we could access our home equity while still leaving an inheritance for our children. We used part of the funds to pay off medical debt and set up a line of credit for future healthcare needs. The best part is we can stay in the neighborhood we love, near our grandchildren. This decision has given us financial freedom we didn't think was possible at this stage of life."
"After my wife passed away three years ago, I was determined to stay in our home where we built 45 years of memories together. The ever-increasing property taxes, homeowners insurance premium doubling, and recurring maintenance costs were becoming overwhelming. Central Coast Lending does a local radio show and after years of listening I felt I knew and trusted them. They took time to explain how I could eliminate my existing mortgage payment and establish a cash reserve for home repairs and emergencies. What impressed me most was how they involved my adult son in the discussions to ensure he understood what this meant for his inheritance. Now I have the breathing room in my budget to live comfortably and even travel occasionally to visit my grandchildren out of state. This reverse mortgage has truly been a lifeline for me."
Our Team
Jason Grote
A proud Cal Poly graduate with a degree in City and Regional Planning, Jason entered the mortgage industry and quickly discovered both a talent and a passion for connection—and for serving the Central Coast community he calls home.
Jason began his career as a Junior Underwriter and swiftly advanced to Operations Manager at two respected local mortgage banks. His trajectory continued upward as he took on the role of Regional Manager for a large, multi-state wholesale mortgage bank. Along the way, he witnessed firsthand the unsustainable and often insincere practices that had become all too common in the industry. Motivated to be part of the solution, Jason remains focused on building lasting relationships, not just closing transactions—an approach that reflects the spirit of the Central Coast itself.
On his off days, you might find him camping with his family, road tripping, or jamming with his band. Jason is deeply rooted in the place he serves, a devoted husband, father of three, and someone who genuinely believes in the good nature of people.
Dan Podesto
After graduating from Cal Poly, Dan’s mortgage career started in SLO where he quickly rose to become a Secondary Marketing Manager, later overseeing the Loan Settlement Department, Servicing Department, and managing loan sales to investors.
When the housing market collapsed in 2008, Dan saw firsthand the flaws and predatory practices that plagued the industry. Determined to change the narrative, he partnered with Jason Grote to launch Central Coast Lending—an operation focused on education, fairness, and doing right by their client. The company has become a trusted local institution, known for delivering expert guidance, fair pricing, and collaborative service across all types of real estate financing.
When he’s not in the office you can find him spending time with family, tending to his garden, and coaching youth sports here on the Central Coast - soccer, basketball, flag football, softball and baseball... find a field or court and he’s probably there with a clipboard and whistle. Dan lives in Morro Bay with his spouse and their two children, two dogs, two cats, and five chickens.
Wes Burk
With over 25 years of experience as a residential real estate broker on California’s Central Coast, Wes Burk has built a reputation as a trusted advisor in navigating complex financial decisions. As the founder and leader of the largest independent brokerage in San Luis Obispo County,
Wes combined strategic vision with community engagement, serving for 15 years on both the California Association of Realtors Board of Directors and the California Regional MLS Board of Directors.
Throughout his career, Wes has been driven by a passion for helping clients make informed decisions during pivotal moments in their lives.
After selling his brokerage, Wes transitioned into the reverse mortgage field, inspired by the transformative potential of this financial tool. He now focuses on educating clients about reverse mortgages as a powerful wealth management strategy, empowering them to unlock financial flexibility and security in retirement.
When he’s not helping clients achieve their goals, Wes enjoys exploring the Central Coast with his family and staying active in his local community.
LHC Is Coming Soon...
Stay tuned for the launch of Legacy Home Capital. Your source for information on Reverse Mortgages and how this wealth management tool is helping older home owners manage their legacy with dignigty, wisdom and security.
Office: 1409 Monterey
San Luis Obispo, CA 93401
Call
(805)801-7061
