Reverse Mortgages in Long Beach, CA

Your Long Beach Reverse Mortgage Lending Company

All financial decisions require careful planning and good knowledge of the risks and rewards associated with them. Financial decisions in your retirement years require you to be even more careful because these decisions can affect your well-being and the debt or estate you leave behind for your family. A Long Beach reverse mortgage lender can help you understand your options when facing complicated financial challenges in your retirement years and can help you decide whether a reverse mortgage loan is right for you.

As a leading California reverse mortgage lender, we at Citizens Lending Group are committed to educating our customers on the pros and cons of reverse mortgage loans. Contact us today to learn more about Long Beach reverse mortgage requirements and to find out if a reverse mortgage is right for you.

Long Beach Reverse Mortgage Information

For many California seniors, there are many unique advantages to a reverse mortgage loan. Serving seniors in the Long Beach area for over 25 years, Citizens Lending Group has become experts at helping retirees make the most of these advantages.

For starters, a reverse mortgage is one of the only types of loans or lines of credit that does not increase your cost of living by requiring monthly payments. Most seniors who seek a loan or line of credit are doing so because their fixed income is not enough, particularly in emergency health situations. The idea of adding a monthly loan or credit card payment is the exact opposite of what you need.

Because a reverse mortgage does not have to be paid until you sell your home or the last borrower passes away it can actually add to your retirement income rather than subtract from it.

Getting a Long Beach reverse mortgage means that you will receive a certain percentage of the equity in your home as either a lump sum or payments paid over time in cash. There are no restrictions on what you spend the money on as long as you are able to maintain the taxes and upkeep costs for your home. A certified Long Beach reverse mortgage lender can help you determine how much you may be eligible to receive.

For all of these reasons, a Long Beach reverse mortgage is often a great option to help seniors get through difficult financial times or enhance their retirement income in a way that does not necessarily have to trap you in any long-term debt. It also allows you to spare your family from rising costs while remaining in the comfort of your own home.


Contact Us with Your Long Beach Reverse Mortgage Questions

At Citizens Lending Group, we want all of our customers to be well educated on the financial options available to them in retirement. There are many fine details related to reverse mortgages that cannot be included on this one website, so we encourage you to reach out to our team of experts. Call us today to learn more about Long Beach reverse mortgage requirements and how you may benefit.

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Copyright Citizens Lending Group - 1421 N Wanda Road #120-Z Orange, Ca 92867 - Reverse Mortgages in California

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.