A reverse mortgage allows seniors age 62 or older to tap into the equity in their home to help pay for any need, including medical expenses, home repairs, trips, bills, taxes, etc. The terms are flexible. It is easy to qualify as long as you meet the age and equity requirements, fixed and adjustable rates are available, and the money can be disbursed monthly or in one lump sum. Furthermore, as long as you continue to live in your home, you need not repay the loan.
Reverse mortgages are not for everyone, and there are several facets of these loans that you need to be aware of. Counseling from a third party is required before you may obtain a reverse mortgage.
How To Apply
Attn. Mortgage Dept.
16150 Sherman Way
Van Nuys, CA 91406
Please contact us toll-free at (877) MY-LAPFCU if you would like more information or require assistance. For complete details about our correspondent lending relationship with CU Partners, please read our disclaimer.