Reverse Mortgages in Inglewood, California
Reverse Your Thinking®
Your Inglewood Home Has Never Been Worth More. Your Options Should Keep Up.
You have probably heard the old stories about reverse mortgages. That the bank ends up owning your house. That your kids get left holding your debt. Those stories are real, but they are old, and they describe a product that stopped existing decades ago.
Today’s reverse mortgage works differently, and Inglewood is one of the fastest-changing housing markets in Los Angeles County. If you have owned your home here for a while, the equity sitting inside it has likely grown far more than you realize. A reverse mortgage in Inglewood lets you turn some of that equity into usable cash without giving up ownership of your home or taking on a monthly mortgage payment.
Mathius Marc Gertz (Marc), who works with homeowners across Los Angeles County every week, will walk you through exactly what that looks like for your house, in plain language, before you decide anything.
| NMLS #1125159 | AFC® Accredited Financial Counselor | CDLP® Divorce Lending Professional | NRMLA Member |
A Smarter Way to Use Your Home Equity
What Inglewood Homeowners Keep With a Modern Reverse Mortgage
You keep the title to your home. Your name stays on the deed, you keep living in the house, and the loan is not due until you sell, move out permanently, or pass away. There is no required monthly mortgage payment, and because it is a non-recourse loan, you and your heirs will never owe more than the home is worth, even if the balance eventually grows larger than the sale price.
Marc built Reverse Your Thinking® around a simple principle: separating what people assume about reverse mortgages from what is true. Here are a couple of quick fact and fiction truths for Inglewood homeowners:
Fiction: The bank takes ownership of my house.
Fact: You keep the title. The loan is repaid from the home’s value when you sell, move, or pass away.
Fiction: My kids inherit the debt if the balance grows too large.
Fact: The loan is non-recourse. Your heirs never owe more than the home is worth.
Fiction: My attorney and financial advisor would never advise a reverse mortgage for me.
Fact: Marc works with many California lawyers and financial advisors to help them better serve their clients, and many recommend a reverse mortgage when it fits the plan.
Why Rising Home Values in Inglewood Change the Math
Inglewood has changed fast. SoFi Stadium, the Kia Forum, and the new Intuit Dome have turned a once-overlooked stretch of Los Angeles County into one of the most active development corridors in the state, and homeowners who stayed have watched their property values climb along with it.
Home values have increased significantly in parts of Inglewood since the stadium district broke ground, and one academic study tracking homes within 5 miles of SoFi Stadium found values rose roughly 64% since construction was announced. If you bought your home years ago, before any of this was built, the equity sitting in it today may be far larger than the number in your head.
That equity is not something you have to sell your home or take on debt payments to reach. If your home’s value now places it above standard reverse mortgage limits, Marc also works in jumbo and proprietary reverse mortgages designed for higher-value California homes. He compares roughly a dozen lenders and programs on your behalf, as an independent broker, not a single bank pushing one product.
What Inglewood Homeowners Ask Marc First
Will my children inherit my debt if I get a reverse mortgage?
No. A reverse mortgage is a non-recourse loan. When the home is eventually sold, the loan is repaid from the proceeds, and neither you nor your heirs will ever owe more than the home is worth. If there is equity left over after the loan is repaid, it belongs to your heirs.
Do I have to make a monthly mortgage payment?
No monthly mortgage payment is required. You are still responsible for property taxes, homeowners insurance, basic upkeep, and living in the home as your primary residence, but there is no required principal or interest payment sent to a lender each month.
How do I know if I qualify for a reverse mortgage in Inglewood?
Qualification depends on your age, your home’s value and location, and how much you owe on it now. Most government-backed reverse mortgages require the youngest borrower to be 62 or older, though some proprietary programs start at 55. A HUD-approved independent counseling session is required before closing on a Home Equity Conversion Mortgage (HECM), and Marc will tell you directly if a reverse mortgage is not the right fit for your situation.
What happens if I decide to sell my home later?
You can sell at any time. The loan balance is paid off from the sale proceeds, and any remaining equity is yours to keep. There is no penalty for selling, and you are never required to stay in the home longer than you want to.
If you have a different question, Marc would rather hear it directly than have you guess at an answer that does not quite fit your situation.
A Smarter Way to Use Your Home Equity
Talk to a Local Specialist About Your Inglewood Home
Marc Gertz has spent his career helping California homeowners separate reverse mortgage fact from fiction, and he works with people across Inglewood and the rest of Los Angeles County every week. A free, no-pressure conversation is the easiest way to find out what your home’s equity could mean for your retirement. Call (310) 447-5266 to schedule your consultation, or explore the California reverse mortgage guide and learn how Marc helps homeowners in Los Angeles and Beverly Hills.
Equal Housing Opportunity. This is not a commitment to lend or extend credit. Not all customers will qualify. Mathius M. Gertz, NMLS #1125159. CA DRE #01999021. SayWhyNot, Inc., NMLS #2161957, DRE #02139767. Loans arranged through E Mortgage Capital, Inc., NMLS #1416824. For licensing information, visit nmlsconsumeraccess.org.
