Culver City is home to some of the finest people in the State of California. Most of the people living in the Los Angeles County in general and the city in particular are willing to help people at all times. The city in all its glory is also home to a number of senior citizens. These are the people who have retired from their jobs and are now living off their pension and savings

For many people, their home is their largest financial asset. A reverse mortgage in Culver City is a fast growing loan product which is specifically built for people who are over the age of 62 and own a house of their own.

Withdraw the Equity in Your House

The concept of reverse mortgage is built around the equity that you have accumulated in your house for years. Once you have retired that equity is unable to help you unless you are able to withdraw money against it. A reverse mortgage in Culver City allows you to do exactly that. It allows people to withdraw equity in their homes by way of a mortgage. This mortgage is slightly different to other mortgages because it does not have to be repaid by the borrower in his/her lifetime or for as long as he or she is living in the house and is current with property taxes, insurance payments and maintenance costs.

If you are looking for more information on reverse mortgage in Culver City, contact us 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.