San Francisco Reverse Mortgage

San Francisco Reverse Mortgage Lender

Retirement should be a time to enjoy the life you have always dreamed of during your working years. Unfortunately, many factors can become a burden both financially and emotionally and it can be hard to know where to find the answers to solve problems such as unexpected medical expenses, urgent home repairs, or a just a desire to spend more time with family. Many San Francisco reverse mortgage borrowers have overcome these issues with the help of their home equity and a reverse mortgage loan. With reverse mortgages, you keep your home and gain access to the money you need to make retirement more fulfilling.

Contact us at Citizens Lending Group today to learn more about San Francisco reverse mortgage requirements and to find out if a reverse mortgage is right for you.

San Francisco Reverse Mortgage Information

Licensed in California, Citizens Lending Group has been a San Francisco reverse mortgage lender for years. We proudly emphasize educating all of our clients whether they choose to take a loan from us or not. All financial decisions require careful thought, but the decisions you make in your retirement years must be even more carefully planned as they may affect your family long after you are gone.

Fortunately, the rules surrounding San Francisco reverse mortgage loans are actually set up to protect both you and your loved ones. As you learn all about reverse mortgages you will see that they can be an effective tool in managing retirement finances successfully.


What You Need to Know About Reverse Mortgages

In basic terms, a reverse mortgage gives you access to the equity you have built up in your home after years of paying towards your mortgage. Technically, your equity can be higher than you expect even if you still owe on your mortgage because housing costs have gone up. As the local housing market has been rising in recent years, many San Francisco reverse mortgage borrowers find themselves in this fortunate situation.

While reverse mortgage loans do not require you to make monthly payments, eventually, the loan, fees, and interest have to be repaid either when you sell your home or the last borrower moves out. Thanks to special rules protecting San Francisco reverse mortgages and insurance for your lender, you will never have to repay more than the home is worth at the time your loan is due. Also, it is very important to note that you may not have to sell your home. The loan becomes due, but there is no rule requiring you to sell the home at the end of your life if you wish for it to remain in the family. However, the children or relatives that you leave the home to will have to pay the remainder of the loan out of pocket.


Contact Us to Learn More About San Francisco Reverse Mortgages

When it comes to retirement planning and choosing to take a reverse mortgage loan, we want you to be thoroughly informed about your choices. At Citizens Lending Group, we believe that reverse mortgages are a smart option for many, but they are not for everyone. Contact us today to learn more about San Francisco reverse mortgage requirements and to find out if a reverse mortgage is right for you.

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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.