Reverse Mortgages


Total Votes: 7 / Interest: 164

In California, if you’re 62 or over, you can use a reverse mortgage to release equity from your home while you’re still living there. There is no risk of eviction with this kind of loan, as it isn’t repaid until the borrower dies or moves out.

Reverse mortgages can be great for helping senior citizens pay for things like health care or home improvements. The equity raised can be paid in a lump sum or over time in regular amounts.

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