The following is a partial list of programs offered by BWA Mortgage with a brief description of the key elements of each. For a complete list of the programs that we offer, please contact us at 818-952-2726 .
Reverse mortgage loans, also known as reverse equity loans, are only available to homeowners 65 or older. Like its name indicates, this program pays the homeowner either a one-time large payout or monthly installment. Once the loan term expires the house either becomes the property of the lender or the house can be sold to repay the debt. Reverse mortgage loans are great options for seniors looking to increase their monthly incomes. Contact us for more details.