If you're 62 or older and own your home, a reverse mortgage could release the equity you've built over the years—without selling or moving. It’s more than a loan. It's a financial strategy to help you live more comfortably and independently in retirement.
At The Friendly Lender, a trusted reverse mortgage company in Pasadena, we help seniors across California—from Los Angeles to Burbank and Glendale- understand what a reverse mortgage means, and whether it’s the right fit for their needs, and find the right reverse mortgage solution made for their needs.
A reverse mortgage allows you to convert a portion of your home’s equity into usable cash, without monthly mortgage payments. Normally, the cash is non-taxable (check with your accountant). You continue to own and live in your home. The loan is repaid when the home is sold, or when you move out or pass away.
This is often used to:
Supplement retirement income
Cover medical bills or long-term care
Pay off an existing mortgage
Reduce financial stress without having to sell - Retire in place
It’s a federally regulated product designed for long-term homeowners looking to access their wealth in a responsible, secure way.
Types of Reverse Mortgages
Different homeowners have different needs, and we help you choose what fits best:
HECM (Home Equity Conversion Mortgage):
The most common type, insured by the FHA. It comes with consumer protections and flexible payout options. Ideal for most homeowners aged 62+.
Proprietary Reverse Mortgage:
Designed for high-value homes and available through private lenders. These offer access to more funds than a standard HECM.
We’ll help you choose the option that works best for your financial situation and long-term goals.
What Are the Benefits?
A reverse mortgage offers flexibility, security, and simplicity for homeowners who qualify:
No monthly mortgage payments
Replace an existing mortgage with payments with a mortgage without payments.
Note: Property taxes and homeowner insurance still need to be paid.
Stay in your home
You don’t have to sell or move. You retain ownership and live on your terms.
Tax-free funds
The cash you receive is generally not taxed and won’t affect Social Security or Medicare.
Flexible disbursement
Choose how you receive your funds: lump sum, monthly payments, or a line of credit.
Use it your way
Cover healthcare, pay off debt, improve your home, or simply feel more financially secure.
Is It Right for You?
A reverse mortgage might make sense if you:
Own your home (and have significant equity)
Plan to stay in your home long-term
Need to increase your monthly income
Want to stay in your home and avoid selling or downsizing
Are seeking a strategy to fund healthcare or personal needs
This loan isn’t about selling your home—it’s about using what you already own to create flexibility and peace of mind during retirement.
Why Work with The Friendly Lender?
We aren’t just advisors—we’re licensed, experienced lenders who handle the full reverse mortgage process under one roof. That means fewer surprises, faster answers, and a smoother experience from beginning to end. You will be dealing with personal advisor who will guide you through the entire process, not an impersonal, institutional lender.
As a local reverse mortgage lender and advisor in and around Glendale, we’ve built lasting relationships across the region by being honest, responsive, and consistent.
What you can expect:
Personalized guidance from start to finish
One point of contact—you won’t get passed around
Clear explanations and patient support
Deep experience with California’s housing market and regulations
Whether you’re exploring options in Pasadena, Los Angeles, Burbank, or Glendale, we’re ready to help.
How the Process Works
We make things simple—and we’re with you at every step.
1. Start with a free consultation
We'll listen, answer your questions, and help you understand your options.
2. Attend a HUD-approved counseling sess
ionRequired for your protection, this step ensures you’re making an informed decision.
3. We handle the paperwork and appraisal
We'll coordinate everything for you and keep it stress-free.
4. You choose your loan terms
Select the reverse mortgage option and payment method that fits your needs.
5. Receive your funds
Once the loan closes, the money is yours to use how you see fit.
No surprises. No confusion. Just experienced guidance and real support.
Let’s Find the Right Reverse Mortgage for You
Considering a reverse mortgage loan in Los Angeles? Exploring options in Glendale or Burbank? You deserve more than just basic information—you deserve guidance that’s clear, caring, and based on your goals. Contact The Friendly Lender - your trusted reverse mortgage lenders in California today. We’ll help you access the equity you’ve earned—with a plan that makes sense for you and your future.
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