Orange Reverse Mortgage Lender
Citizens Lending Group has been a trusted Orange reverse mortgage lender for years. Residents across the state of California have trusted us when it comes time for them to take control of their retirement. Many situations in retirement can surprise you and possibly overwhelm your savings. A reverse mortgage loan can help you get through it without leaving a financial burden for your family after you are gone.
Orange reverse mortgage borrowers are often surprised by how well the home they have taken care of for years can take care of them in retirement with these loans. Contact us today to learn more about reverse mortgage requirements and how Citizens Lending Group can help you.
Important Orange Reverse Mortgage Information
Citizens Lending Group has been the trusted choice for Californians looking for a reverse mortgage because of our commitment to educating our customers. All financial decisions require careful thought, but decisions you make during retirement are even more crucial as they could affect what you leave behind. Orange reverse mortgage borrowers have found a solution they can rely on with Citizens Lending Group, and we hope this information will help you do the same.
When learning about reverse mortgage loans, first of all, it is worth noting that a reverse mortgage is very different from other types of personal loans or lines of credit. Most lines of credit can be closed on the borrower if they do not use them for a long period of time. These loans can also be difficult for individuals on a fixed income to obtain because of credit reporting. An Orange reverse mortgage is based on information from your mortgage lender about your current mortgage loan and a real estate appraisal of your home. From there you are loaned the maximum amount available based on your reverse mortgage eligibility, which can be paid to you by either a lump sum, line of credit, or payments over time. As a result, this is a great alternative to opening a static line of credit and waiting for the time when you actually need it. Orange reverse mortgage borrowers are often surprised by how much money they are eligible for.
When You Need a Reverse Mortgage Loan
It is common for retirees to seek out a reverse mortgage at times when they have unexpected costs such as major home renovations, medical emergencies, or other similar one-time costs that their retirement plan was not ready for.
But, what if you want to move to a home better suited to decreased mobility as you age or closer to your children in a different part of the state? A reverse mortgage purchase may be the best option for you as it allows you to buy a new home without adding a monthly bill using the equity from your current home.
Contact Us for More Orange Reverse Mortgage Information
Contact the experts at Citizens Lending Group today to learn more about Orange reverse mortgage requirements and how we can help you live a better retirement with a reverse mortgage loan.