Oakland Reverse Mortgage Lender
Citizens Lending Group has been a reverse mortgage lender serving the Oakland, California area for years. With our experience, we have learned a great deal about what is most important to retirees in the Bay Area and California overall. You can trust Citizens Lending Group to give you personal advice about what is best for your retirement needs. Financial planning can be difficult especially when you need extra money to cover emergencies in retirement. Our experts will help you find the answers you need and will help you determine whether an Oakland reverse mortgage is right for you. Contact us today for more information on Oakland reverse mortgage requirements.
Oakland Reverse Mortgage Information
The more you know about how a reverse mortgage works, the better informed you can be and the easier it will be to make the right choice for your retirement.
Reverse mortgages are a unique type of loan that allow you to take advantage of the equity you have built in your home either from years of paying your mortgage as well as the natural appreciation of real estate over time. Most Oakland reverse mortgage borrowers are surprised to find out how much their home is worth today compared to what they paid for it and just how much they qualify to receive from an Oakland reverse mortgage loan.
Once you know all about reverse mortgages and you have your home appraised you are ready to talk to a lender about the options available to you.
Reverse mortgages can either be paid to you as a lump sum of cash or in payments over time. The lump sum can be a good option for Oakland reverse mortgage borrowers who are looking to make a major upgrade to their home or pay off major medical bills. The payments over time could be ideal for people who want to travel or spend more time with family, or simply want to have access to more of their wealth later in life.
A reverse mortgage can also be used to buy a new home in what is called a reverse mortgage purchase. In this case, an Oakland reverse mortgage would loan you the money to buy a new home, you still make no monthly payments on the money just like with a reverse mortgage. It is important to note that you must be able to prove the ability to pay all taxes and maintenance costs for your new home.
Contact Us Today To Learn More About Oakland Reverse Mortgages
Citizens Lending Group is the Oakland reverse mortgage specialist you can trust. We have been helping seniors make the most of their financial future for years all across the state of California. A reverse mortgage can be a great solution to a number of financial issues that crop up in retirement. Call us today to learn more about Oakland reverse mortgage requirements and to find out if a reverse mortgage loan is right for you.