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Claremont Reverse Mortgages

Reverse Mortgages Near You - Claremont Reverse Mortgage Lender

Meet Susana Rhoades

Susana Rhoades Reverse Mortgages

Susana Rhoades

VP of Reverse Mortgages

NMLS #760390


(909) 757-1840

 

 

Get the best reverse mortgage deals in Claremont, California.

Susana Rhoades and Change Home Mortgage are your go-to team in Claremont when you need expert advice about reverse mortgages – from Covina to Fontana and anywhere throughout Pomona Valley and Los Angeles County.

Susana has decades of experience working in the mortgage industry including more than 20 years specializing in reverse mortgages.

She has helped hundreds of clients navigate both reverse and traditional mortgage solutions.

Claremont, California
Caption: Claremont, California. Credit: Wikimedia Commons.

“One of the most fulfilling parts of my work is creating those ‘lightbulb moments’ when people realize the vast possibilities a reverse mortgage can offer,” Susana said.

Her motivation comes from seeing her clients breathe that sigh of relief when they twig that she has found a way to supplement their income and rid them of their financial worries.

She is also driven to educate seniors about the opportunities they may be missing.

“Despite the clear benefits, reverse mortgages are still misunderstood and underutilized as part of a comprehensive retirement plan,” she said.

That’s why she hosts educational workshops and collaborates with industry professionals to illustrate how reverse mortgages can be such an invaluable financial tool in retirement.

“My own father became one of my reverse mortgage clients.

“It was heartening to see first hand how it allowed him to upgrade his home so he could safely age in place and continue being part of the community he loves.”

Susana is also a proud Mom of who she describes as her “amazing young adults”, she serves on the board of her local Habitat for Humanity, and she is a former board member for Autism Spectrum Athletics.

“Contributing to a better world is not just my job – it’s my passion,” she said.

What is a reverse mortgage?

A reverse mortgage is one of the most misunderstood yet effective loans that has the power to transform the lives of seniors and retirees who find themselves in financial difficulty.

It is specifically designed for people at least 62 years of age who have equity in their properties but are finding the cost of day to day living challenging.

A reverse mortgage allows you to draw on that equity and convert it into cold, hard cash.

It’s a win-win because it gives you a brand new income stream, while also allowing you to continue to live in your family home without having to sell up and downsize just to put food on the table.

The extra money not only takes care of day to day expenses but will likely leave you extra money to enjoy your retirement in some style.

You may want to take that long planned family vacation, spend it around the home or simply splash out on some nice dinners and shows.

Funds can be made available in a number of different ways including a line of credit, monthly installments, a lump sum or even a combination of all three.

As long as the terms of the loan are met, it does not require repayment until either the homeowner sells or the last surviving borrower passes away.

It’s one of the smartest ways homeowners can put their financial struggles behind them whilst boosting their standard of living.

Average house prices in Claremont reached an all time high in September, 2024 of $974,210.

That was up 11.1% in 18 months since the slight correction of early 2023.

It’s also a four-year appreciation of 37.1% (https://www.zillow.com/home-values/30908/claremont-ca/).

There are 2,982 people in and around Claremont who already have a reverse mortgage with 171 of them taking advantage of one in the last 12 months.

About Claremont, California

Claremont is believed to have been named after the New Hampshire city of the same name which was coined in honour of the Surrey mansion belonging to Thomas Pelham-Holles, Earl of Clare.

The city was designated in the land boom triggered by the arrival of the Southern Californian railways.

Once rich with citrus groves, the north of the city was soon replaced with large residential homes.

Its reputation was underlined in 2016 when Sunset Magazine named it the best suburb in the West, describing it as a “small city that blends worldly sophistication with small-town appeal”.

Its leafy tree-lined streets and the Claremont Colleges, known colloquially as the ‘7Cs’ have seen it sometimes referred to as “The city of trees and Phds”.

Claremont is laden with bicycle-friendly streets and trails with many leading to its commercial heart “The Village”, rich with restaurants, boutiques and office space.

The city also boasts a vibrant arts and cultural scene and hosts an annual springtime folk festival.

Contact your Claremont reverse mortgage lender today.

Susana and her Change Home Mortgage team would love to help you sustain a better retirement with the assistance of a reverse mortgage.

Please call Susana on (909) 757-1840 and she will be delighted to offer you a no obligation assessment of your position.

*As of October 2024

 

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