When a person crosses the age of 62, they move into the golden years of their life. This basically means they are free of professional and most other responsibilities and can enjoy life to the fullest. Older people over the age of 62, looking to enjoy their life can usually find it hard to do so because their finances can come in between them and the much deserved enjoyment they crave.

The home that you bought and live in can help in this regard. Most people are reluctant to borrow against their homes once they have crossed the age of 62, because most loans can deprive the owner of their home if they are unable to repay the loan. Similarly, risking your home when you are 62 can be a tough decision.

Reverse mortgage in San Dimas eases it for the pensioners. As part of a reverse mortgage the borrower is allowed to keep ownership and possession of the house as long as they are living in the house and the house is their primary residence and they remain current on property taxes, insurance and maintenance of the home. The mortgage is repaid only when the house is sold off and the equity from the sale of the house is used to repay the loan.

Are you looking for a reverse mortgage in San Dimas, then 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.