Reverse Mortgages
in Los Angeles

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You’ve invested in your home, and it has paid off. You live in a house that you love, where you have built a lifetime of memories. But did you know that that investment could pay off in more ways than one during your retirement?

If you are age 62 or above, and you are looking for a more comfortable living during your golden years, you can augment your income using a reverse mortgage.

What is a Los Angeles Reverse Mortgage?

A reverse mortgage in LA makes it possible to convert equity you have invested in your home into cash. That cash is available to you to spend as you choose. Borrowing against equity in your home through a reverse mortgage does not mean you need to move out. You can remain in your home for the rest of your life.

How You Can Use Your Reverse Mortgage in LA

There are literally endless possibilities for what you can do with reverse mortgage income. There are no restrictions.

Some ideas might include:

Remodel your kitchen, install an addition, add energy-efficient systems, or make other upgrades to your house.

Create or grow an emergency fund.

Help a grandchild pay for college.

Take care of medical expenses, automotive costs, or other emergency bills.

Buy a new car.

Put a down payment on a second home.

Pursue a lifelong goal or dream.

Take a trip.

Benefits of Taking out a Reverse Mortgage in Los Angeles

Your decisions concerning how you spend your reverse mortgage income are 100% yours. Your lender has no say.

Because multiple disbursement options are available, you also can control when and how you receive the money.

You get to remain in the home even though you are borrowing against your equity.

Income received through a reverse mortgage is commonly not taxed. To find out whether yours will be or not, your tax advisor should be consulted.

The reverse mortgage doesn’t need to be paid off until a maturity event occurs (such as when you sell the house, or when the last borrower on the mortgage passes away).

Are You Eligible for an LA Reverse Mortgage?

If you meet the requirements listed below, you might qualify to take out a reverse mortgage and enjoy all of its benefits.

At least one borrower on the home loan must be age 62 or above. It is not necessary for all borrowers on the mortgage to meet this requirement.

You must be the home’s owner, and demonstrate that you own 50% or more equity in it. It has to be your primary residence.

Before applying, you will need to be up-to-date on property taxes, homeowners insurance payments, and any other home maintenance payments.

Other factors which may impact your eligibility include your credit score, income and tax history.

What Our Clients Say

Joshua Barton
Joshua Barton
16:05 23 Nov 19
I have had the pleasure of working with Shannon for 8 years - her knowledge of the mortgage process and attention to clients is unparalleled. The Los Angeles market can be tricky with high dollar homes and unique income of the Entertainment Industry, but Shannon takes charge and leads everyone through to successful closings like clock work - cannot recommend her enough a true Rock Star in Mortgage world.read more
Lauren S
Lauren S
04:52 18 Oct 19
Working with Shannon was a real pleasure. She was always available and got back to me promptly with any necessary information. I was able to refinance my mortgage at a rate considerably lower than another larger company quoted who I had started working with. I look forward to working with Shannon again and I highly recommend her to anyone looking for a competent and decent mortgage broker.read more
Mike White
Mike White
02:15 27 Sep 19
As first time home buyers we had no idea what we were doing. We were pre-approved by a well known company but quickly discovered that we absolutely did not want to work with them for the actual mortgage. Shannon was recommended to us by a friend and I called on a Saturday morning. By Saturday evening we were well on our way to buying a house (we closed three days ago!). Shannon made navigating these foreign waters so easy, answering all of our newbie questions with patience and grace. Plus she got us a fantastic rate. We are so grateful for Shannon and can not recommend her enough. WE OWN A HOME!!read more
Alaine Smith
Alaine Smith
13:15 26 Sep 19
It was wonderful working with Shannon! She is attentive, thorough, and intelligent. It was easy to communicate with her because she took time to hear and understand my goals and always responded quickly. I highly recommend her to anyone looking. The customer service she provides exceeds expectations by a long shot! Thank you, Shannon, for all your help!read more
Julie Mckay
Julie Mckay
17:20 28 Aug 19
I just purchased my first home! Shannon and her team were truly a dream to work with. I was never left in the dark and she was always quick to respond with all of my questions. My experience couldn't have been easier. I highly recommend Shannon and would use her again in a heartbeat! She is the BEST!read more
jojo quijada
jojo quijada
19:55 27 Aug 19
I've been in the real estate business for over 5 years now, and I always trust Shannon to work with my clients. She and Josh are an AMAZING TEAM! Buyers love to work with Shannon as she gets things done asap and answer any and every question/concern. I couldn't recommend a better person for lending. Can't thank her enough!!read more
Rotimi Ayanbeku
Rotimi Ayanbeku
20:12 15 Aug 19
I always go back to Shannon because she is one of the best in the business! I've worked with Shannon over the years, however, she outdid herself in my last deal. She was so professional, caring and effective that my clients were comparing everyone else in the deal to Shannon. More importantly, we were ready to fund in less than two weeks. Once again, Shannon affirmed my belief in her that she always rises to the occasion. Thank you for being the best!read more
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Apply Now for a Reverse Mortgage in Los Angeles

For many senior borrowers, a reverse mortgage is literally life-changing. Imagine what it could do for you. Increase your income and keep living in your beautiful Los Angeles home. Call (818) 601-2231 to apply for a reverse mortgage in LA today.

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