The city of Bell is centrally located near Los Angeles. It is the perfect place for people who have lived their professional life and are on the brink of retirement or have already retired to live their last few years. The Bell area is home to a number of people who have retired from their jobs and unfortunately, a sizeable number of them are facing financial uncertainty.

Not being able to save up money or making financial mistakes may leave you short on cash to live out the rest of your post retirement life comfortably. Instead of running past decisions, this is time to act and secure your present and foreseeable future by getting a reverse mortgage in Bell.

What Difference Would that Make?

Despite the lack of knowledge among people, reverse mortgage is a loan product tailor-made for people who could use some extra money once they have crossed the age of 62. A Reverse mortgage in Bell works simply. The lender will lend you an amount based on the equity of your home. This amount can be delivered either in a lump sum payment or as per your choice it can be paid to you via monthly  installments or as you need.

The amount lent is against your home but that does not mean you lose the ownership of your house. You are still allowed to live in your house for as long as you want subject to proper payment of property tax and insurance and adequate upkeep of your home. The amount lent is only repaid if you leave the house and relocate or you die and the house is sold to recover the amount lent and the interest charged on it.

Do you think you need a reverse mortgage to supplement your post retirement finances? Then contact us today to get a reverse mortgage in Bell!

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.