Lauren Boland - Broker/Owner | NMLS# 309065
What is a Reverse Mortgage?
A Reverse Mortgage or Reverse Home Mortgage is designed for seniors over 62 years of age to improve their retirement life style. The reverse mortgage has exploded in recent years, due to growing popularity.
Key factors that make a reverse mortgage attractive are:
- No repayment of the loan as long as the borrower occupies the property as his/her primary residence.
- Value of home, available equity, age, and interest rates will determine the maximum reverse mortgage loan amount.
- In most cases no tax or benefit deductions on the proceeds used as "income".
This licensee is performing acts for which a real estate license is required LBL Mortgage is licensed by the California Department of Real Estate Broker # 01986422; NMLS# 1381254. www.nmlsconsumeraccess.org Loan approval is not guaranteed and is subject to lender review of information. All loan approvals are conditional and all conditions must be met by borrower. Loan is only approved when lender has issued approval in writing and is subject to the Lender conditions. Specified rates may not be available for all borrowers. Rate subject to change with market conditions. LBL Mortgage is an Equal Opportunity Mortgage Broker/Lender. Long Beach Reverse Mortgage and Palm Desert Reverse Mortgage are DBA of LBL Mortgage.