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Single-Purpose Reverse Mortgage

A perfect loan program for our senior homeowners. Experience peace of mind in your retirement with the help of your own house. Helping seniors maximize their financial assets.

Understanding Single-Purpose

Considered as not as common reverse mortgages that can be available from government agencies and nonprofit groups.

From the word itself, the funds that the borrower might receive may be used for a single purpose only which is outlined by the lender. In an instance, the funds can be used to tackle home expenses such as paying property taxes or home maintenance repairs.

Generally, single-purpose reverse mortgage offers only for retirees with low or very low income because it provides the lowest-cost option among the categories.

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123 Hidden Valley

Los Angeles, CA