Glendale is a pleasant city located in close proximity to Los Angeles.  It offers an array of cultural and recreational amenities.  Glendale is also home to many residents who are 62 and over.

Use Your Home for a Better Life

For people 62 and over who own a home a reverse mortgage may be a good financial option to consider.A reverse mortgage isrestricted to use by people over the age of 62. As a retiree, the only real asset you may have is you home and getting a forward mortgage against it may not be possible.  A reverse mortgage is advantageous because you can unlock home equity and not have to make monthly mortgage payments.  The only payments required are property tax and insurance payments and maintenance costs as long as you are living in the home. The reverse mortgage is only due once you move out of the home or pass away as long as property tax and insurance payments and maintenance costs are kept current.

Importantly, the reverse mortgage program is backed by the Federal Housing Authority.

If you want more information on reverse mortgage in Glendale 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.