Riverside Reverse Mortgage Lenders
Citizens Lending Group has been providing retirement stability to California residents for over 25 years through our reverse mortgage lending services. We have earned the trust of the community through our commitment to communication and education. We believe that all financial decisions require deep thought and attention to detail, and that this is doubly true in retirement when your financial situation could affect your whole family for years after you are gone. Riverside reverse mortgage borrowers have come to trust our dedication to their financial stability and to their families. Contact today to learn more about Riverside reverse mortgage requirements and if a reverse mortgage loan is right for your family.
Riverside Reverse Mortgage Information
Part of what makes a reverse mortgage so popular and effective for retirees who are looking for more financial stability is the unique structure of the loan. As you learn all about reverse mortgages, you will begin to learn whether or not it makes sense for you. Our expert Riverside reverse mortgage lenders can provide you with all the information you need to make an informed decision for your financial future.
A reverse mortgage works by loaning you an amount or portion of the equity you currently have built up in your home. Many Riverside reverse mortgage borrowers are surprised to find out that they have more equity than they expect due to rising home values. It is also important to note that you must be able to afford all taxes and maintenance on your home in order to be eligible for a Riverside reverse mortgage.
Unlike other loans or lines of credit, a reverse mortgage can never be closed on you for lack of use. This makes it a good financial planning tool that allows you the same safety as a line of credit with no fear that it may one day be unavailable. You also have the option to take the money from a reverse mortgage either as a lump sum payment or in small amounts broken out over time. One may be good for major purchases all at once, while the other is good for ongoing needs. Your Riverside reverse mortgage lender can help you determine what is best for your situation and needs.
Many Riverside reverse mortgage borrowers want to keep their home in the family even after the loan is repaid. While most people choose to sell their home to repay the loan when it becomes due, you can also choose to pass that responsibility onto your family if you want them to be able to keep the house.
Contact Us to Learn More About Riverside Reverse Mortgages
We know there are many questions that are unique to you that cannot be answered on our website, which is why we are happy to answer any questions you may have. Please contact a reverse mortgage expert in California today to learn more about reverse mortgage requirements and how these loans could help you. Citizens Lending Group is a trusted name throughout California because of our dedication to educating our customers, and we look forward to working with you.