You are no longer working, you have exhausted your prime years and are now sitting in a rocking chair, in your home, overlooking a beautiful Baldwin Park and contemplating how your post-retirement years will pan out, especially because your finances are growing thinner and thinner with each passing day.

When you have worked all your life, retirement is your time to put your feet up, relax and enjoy all that you have earned in life. Unfortunately, a series of unfortunate events can leave you on the verge of financial breakdown. Once you have crossed the age of 62 that is no time to take up new challenges. This is where reverse mortgage in Baldwin Park can come in and help ease your financial burden.

Use Your Prized Asset for a Valuable Life

When you find yourself short of cash, your home is the only real stack of equity that you have accumulated over the years, but getting a loan on it, will jeopardize its ownership and may result in you being kicked out of your own home as a result of non-payment.

Reverse mortgage saves you from this. Yes it uses the equity of your home to lend you money, but it does so while making sure that you are safe in the knowledge that you are the owner of your home. As part of a reverse mortgage you don’t have to pay the mortgage back as long as you are living in the home (you only need to pay the insurance and property taxes that apply and maintain the home’s upkeep). It is only when you decide to leave the house or pass away that your home will be used to repay the mortgage principal and accrued interest.

The mortgage amount being lent can be received in lump sum payments, sizeable chunks per month or any which way that you are comfortable.

If this appeals to you, contact us today and get your reverse mortgage in Baldwin Park today!

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.