If you're 62 years or older and have at least 35% equity in your home, you may want to consider the benefits of a reverse mortgage. Call Redondo Mortgage Center now to learn more about the program: 310-318-8999
Who qualifies for reverse mortgage?
Homeowners should be 62 years of age or older and have 35% or more equity on their homes
What type of property is eligible for reverse mortgage?
Single family or a 1-4 unit home, HUD-approved condominiums and townhomes that meet FHA requirements and are occupied by the borrower
How is it done?
It is fast, easy, and efficient. The only thing you need to do is to go through one session of consultation and have the appraisal done on your property
Why should I get a Reverse Mortgage?
To finance a home improvement, pay off your current mortgage, supplement your retirement income, or pay for healthcare expenses – you may want to consider a reverse mortgage. It’s a product that allows you to convert part of the equity in your home into cash without having to sell your home or pay additional monthly bills
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