Family Resources

Reverse Mortgage: What Your Heirs & Family Should Know 

Reverse mortgages often serve as a wonderful option to help seniors broaden their financial resources. There are various opportunities provided through reverse mortgages that can be tailored to meet your retirement needs. At Citizen Lending Group, we always want to make sure our clients are well educated, and recognize that their families are a major consideration in terms of deciding whether a reverse mortgage is right for them. Below, we offer information on the impacts of a reverse mortgage on your family and heirs.

If you are interested in whether you meet the reverse mortgage requirements or would like to know more information, contact Citizens Lending Group today! We are happy to help and proudly serve as a leading California reverse mortgage specialist.

Information on Reverse Mortgages for Family and Heirs

While a reverse mortgage may make sense for your financial situation, it is important to know all the facts and information about them before you commit to one. In addition to making a difference to you, reverse mortgages can also impact your family and heirs. We want you to have the full picture in mind, so you can move forward with educated confidence.

Here are some resources about reverse mortgages and their impact on your family and heirs:

  • Reverse Mortgage Facts: A Family Perspective – A reverse mortgage is a major decision financially, and can have implications down the road for the borrower as well as their family. This page gives you some helpful facts to consider when looking into a reverse mortgage.
  • How Will a HECM Reverse Mortgage Affect My Heirs? – Understanding the key points of a reverse mortgage will better help you to understand how one may affect your family. This page gives readers a helpful guide of things to consider.
  • 5 Ways to Pay for Home Healthcare for Seniors – Making sure our parents are comfortable in their later years is on every adult child’s mind. Here we provide information on how a reverse mortgage can help protect seniors who may require home health care in the future.
  • Signs a Reverse Mortgage Loan May be Right for Your Parents – When one’s parents are struggling to make ends meet in their retirement, it is a very uncomfortable feeling. This guide helps family members make educated decisions on whether a reverse mortgage is right for their senior loved ones.
  • Important Reverse Mortgage Rules to Review with Your Loved Ones – Reverse mortgages come with a specific set of rules and laws governing them designed to protect consumers. Knowing and understanding these will help you and your family make the best decision about your retirement planning.
  • What Married Couples Should Know About Reverse Mortgages – Before making the decision to move forward with a reverse mortgage, you and your spouse should know all the facts. Find out everything you need to know about them as a married couple.
  • Caring for an Aging Parent: How a Reverse Mortgage Can Help – Caring for a parent in their retirement is on the minds of adult children everywhere, and the unfortunate reality is that Social Security is rarely enough to cover retirement expenses. A reverse mortgage may be the best solution to help seniors makes ends meet while ensuring their independence and comfort.

Find Out More About Reverse Mortgages for Your Family Needs

For more information on how your family may be affected by your reverse mortgage, connect with us today. We can answer any questions you have, from whether or not you meet reverse mortgage requirements to how your family can help you through the process.

Learn More About California Reverse Mortgages

These are just some of the basics. If you would like to learn more about reverse mortgage requirements and if a reverse mortgage is right for you, we invite you to contact us today.

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Loans made or arranged pursuant to Real Estate Corporation License Endorsement #01814249, California Bureau of Real Estate. NMLS #1109984
These materials are not from HUD or FHA and were not approved by HUD or a government agency.