Are you 62 years old or older and need flexibility? It may be time for a reverse mortgage.
A Home Equity Conversion Mortgage (HECM) from Redondo Mortgage Center allows borrowers to tap into their home’s value and possibly become more financially secure throughout retirement. If you have built up considerable equity in your home, there is an opportunity to turn that equity into cash. Also, you can even use your savings as a down payment to purchase a new home.
Whether you need a little cash flow for retirement, or want to move closer to family, a Reverse Mortgage could get you there.
FHA approved condos