Hawaiian Gardens in Los Angeles County is one of the most beautiful cities. The city is home to some of the star attractions in the area as well as a large number of naturally attractive sites. A city however is only as pretty as its patrons and residents and people living in Hawaiian gardens are both hardworking and understanding. They are willing to help you every step of the way. It is only natural then that retirees in Hawaiian Gardens can make the most of their home by getting a reverse mortgage.

A Mortgage for People Over 62

A reverse mortgage in Hawaiian Gardens is tailor made for people who are over the age of 62. A reverse mortgage product does not concern itself with monthly repayments. In fact, the borrower of such a mortgage needs to make no payments other than the monthly insurance payments and property tax and maintenance of the home while staying in the home. A reverse mortgage is more concerned with the equity that exists in the property. It is repaid only when the borrower decides to leave the house or dies.

The mortgage can be paid out to the buyer in monthly, as well as lump sum payments and it is highly flexible. It is on the borrower to decide how they want the mortgage amount to be paid to them. A reverse mortgage in Hawaiian Gardens can help retirees lead a life of comfort while making it easy for them to keep control and ownership of their house for as long as they live in the home and maintain tax and insurance payments and maintenance of the home.

For more information on reverse mortgage in Hawaiian Gardens 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.