With age comes responsibilities and old age is the time when one can finally sit back, relax, and enjoy the beautiful setting of Artesia. Unfortunately, not all retirements go as planned. In some cases, unforeseen circumstances may deplete the post retirement savings, leaving you in need of extra money when you step into the golden period of your life.

If you live in Artesia, there is no need to panic. People who are over the age of 62 deserve to relax and enjoy the rest of the life they have left and reverse mortgage in Artesia allows you to do exactly that. Reverse mortgage as the name suggests is not your overall run of the mill mortgage product. It is one which is designed to facilitate and improve the financial position of people who have crossed their line of retirement.

Simple, Easy and Worth It

In a reverse mortgage in Artesia, you are able to take equity out of your home by way of a mortgage. This money can be used to enjoy your retirement without it having an effect on the occupation of your house as long as you stay current on property taxes, insurance and upkeep of your home. You can afford to live a life of comfort by adding to your social security payments by taking the mortgage out in full or having it delivered to you on a month by month basis. On top of that, while you are at it, you get to live in your own house for as long as you want. You don’t have to worry about the repayment; all you need to do is pay the insurance amount and you can live in your home for as long as you want.

The loan is repaid only when you move out of the house or die. In both cases the proceeds of sale from the selling of the house are used to pay off the amount borrowed and the accrued interest.

You have the chance to enjoy reverse mortgage in Artesia, contact us today for more details!

This material is not from HUD or FHA and has not been approved by HUD or a government agency.

As with any loan there are risks associated with a reverse mortgage.  The right to remain in your home is contingent on complying with reverse mortgage loan terms and it is possible to lose your home if you do not comply with the terms of the reverse mortgage such as keeping current with property taxes, insurance and maintenance costs.