People plan for their retirement when they are still in their prime. Such is the importance of a post retirement life that men and women start to save up for it. Commonly dubbed the “Golden Years” in a person’s life, if you are spending it in the city of Azusa, you are a lucky individual. Unfortunately, there is more to a retired life than a beautiful home set in a stunning city.  To survive you need money and it’s one of the worst feelings when you realize all that you have saved up for your retirement isn’t enough. What do you do? How do you manage your finances post retirement?

You can always explore the option of a reverse mortgage in Azusa. A relatively unknown financial product, reverse mortgage is tailored to suit the needs of seniors, people who have retired after reaching the age of 62 and are now looking to secure their financial future and present.

Home is more than a Place to Live

You have worked all your life to make the home of your dreams and now in times of financial need what is that home to you except for being a place to live? If you take out a reverse mortgage in Azusa your house is much more than a place to live. It is your key to a financially secure post retirement life. In a reverse mortgage you are allowed to take a mortgage against the equity of your home. This can either be in a lump sum payment or monthly installments.

Fortunately, in reverse mortgages you don’t have to worry about making payments other than property taxes, insurance and upkeep after the mortgage has been granted. As long as you are in the house, you are in ownership of the house as long as you are paying your insurance and property taxes and maintaining the home. Only if you die or decide to leave the house will the house to be used to repay the mortgage amount plus the interest that has accrued

Are you looking to live out your retirement life in luxury, then contact us to get a reverse mortgage in Azusa.

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.