What is a Reverse Mortgage?

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Reverse mortgages allow Bakersfield, CA seniors to have use of the money presently locked into the value of their homes. Unlike a traditional mortgage, wherein the borrower makes regular payments to a lender, this type of loan pays you.

With reverse mortgages, the homeowners are not required to make any payments, principal, or interest, for as long as they reside in their home. The maximum amount that a Bakersfield homeowner is eligible to receive from reverse mortgages depends on various factors including:

  • Age
  • Location of the home
  • Current appraised value of the home

Brian Lardner can help Bakersfield residents choose the right reverse mortgage for their specific needs and circumstances. We would love an opportunity to meet with you and discuss reverse mortgage pros and cons.

Benefits of Reverse Mortgages for the Bakersfield Homeowner

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Reverse mortgages enable Bakersfield homeowners to convert the equity in their home into cash. The proceeds from this type of loan can be taken as a lump sum, or on a monthly basis. No income or credit score is required to qualify.

For this reason, reverse mortgages have become the popular choice among Bakersfield seniors. Other benefits of reverse mortgages for the Bakersfield homeowner include:

  • Use the money any way you desire
  • No payments required while you live in your home
  • Maintain ownership of your home
  • Retain all the equity remaining in your home

Reverse Mortgage Lenders for Bakersfield Residents

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Choosing the right reverse mortgage in the Bakersfield area can be quite daunting. We have helped many seniors in need of financial help. With our knowledge of the reverse mortgage industry in the Bakersfield area, we are able to help homeowners take advantage of a largely unused asset, their home.

We believe that no senior should ever feel pressured or rushed and should only begin the process after feeling completely comfortable and confident enough to make a smart financial decision. We take pride in helping seniors gain the knowledge and answers they need to make that right choice. By comparing the options, terms, and fees of various reverse mortgages we help our seniors find the best possible product at the best possible price. We are known for:

  • Honesty and integrity
  • High levels of professionalism
  • Compassionate approach

Give Brian Lardner a call at 805-434-5226 to find out how we can align you with the right reverse mortgage in the Bakersfield area.