Why Commerce Homeowners Choose Reverse Mortgages
Commerce is part of Los Angeles County in the Southeast Los Angeles / Gateway Cities area. With a median home value of approximately $620,000 and a senior population of over 3,000+, the city has a strong market of homeowners who may benefit from accessing their home equity.
In Commerce, where homes sit close to the rail lines, the Citadel Outlets, and the longtime industrial jobs that built the city, families have passed houses down with the intention of keeping them in the family. For seniors who raised children here and now live on a fixed income, a reverse mortgage can lift the weight of a remaining mortgage payment or add monthly cash flow, all without giving up the home meant for the next generation. Miguel guides homeowners in Spanish and English so every option is fully understood.
- Commerce's longtime, predominantly Latino families have built steady equity in their homes
- Residents value keeping their homes within the family for the next generation
- A reverse mortgage helps Commerce seniors retire without a monthly mortgage payment
