Most seniors in Southern California can tap into over $150,000 of their home equity using a reverse mortgage. This amount can be even greater, the more equity they have. Upon completion of the loan process, they have several options for taking the money: as lump sum to put in the bank, as a line of credit to tap into at any time, as an automatic month check, or any combination of these options. The money can even be repaid at any time, increasing the amount available for the future in most cases. Seniors don’t have to be stuck with the inflexibility of a traditional mortgage, instead they can customize their finances using California reverse mortgages to meet their specific needs and goals.

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