Reverse Mortgages Near You - Glendora Reverse Mortgage Lender
Meet Susana Rhoades
Susana Rhoades
VP of Reverse Mortgages
NMLS #760390
(909) 757-1840
Get the best reverse mortgage deals in Glendora, California.
Susana Rhoades and Change Home Mortgage are your go-to team in Glendora 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.
“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 Glendora reached $872,329. That was up 4.2% over the last 12 months (https://www.zillow.com/home-values/11626/glendora-ca/).
There are 3,258 people in and around Glendora who already have a reverse mortgage with 162 of them taking advantage of one in the last 12 months.
About Glendora, California
Glendora, California, is a picturesque and family-friendly city located in the foothills of the San Gabriel Mountains in Los Angeles County. Known as the "Pride of the Foothills," Glendora offers beautiful scenery, safe neighborhoods, and a welcoming small-town atmosphere, all while being conveniently located near Los Angeles. With a population of approximately 50,000, Glendora is a sought-after community for those looking for a suburban lifestyle with charm, history, and outdoor beauty.
Glendora has a rich history dating back to the late 19th century, originally founded as a citrus-growing community. The city’s historic roots are reflected in its charming downtown area, known as the Glendora Village. The Village is home to an array of quaint shops, local restaurants, and community landmarks, offering residents and visitors a unique shopping and dining experience. With its tree-lined streets, vintage architecture, and welcoming atmosphere, the Glendora Village has become a popular gathering place for the community and a hub for local events.
Nature lovers in Glendora enjoy close proximity to some of Southern California’s best outdoor recreation. The nearby San Gabriel Mountains provide countless opportunities for hiking, biking, and exploring, with trails that offer stunning views of the city and surrounding areas. Popular hiking spots like the Big Dalton Canyon Wilderness Park and the Glendora Mountain Road attract outdoor enthusiasts from near and far, providing residents with a scenic escape right in their backyard. The city also has numerous parks, such as Finkbiner Park and Louie Pompei Memorial Sports Park, where families can enjoy sports, picnics, and play areas.
Glendora takes pride in its strong sense of community, which is evident in its many local events and gatherings. The annual Glendora Holiday Stroll, which takes place in Glendora Village, brings residents together to celebrate the holiday season with festive lights, music, and holiday treats. The city also hosts the Glendora Pumpkin Festival each fall and various summer concerts in the park, creating opportunities for residents to come together and celebrate their community.
Education is another point of pride in Glendora, with the Glendora Unified School District offering highly regarded schools that attract families to the area. Glendora High School, in particular, is known for its strong academic and athletic programs. Additionally, Citrus College, a respected community college, is located in Glendora, providing local residents with access to higher education and career development opportunities.
As a reverse mortgage loan officer serving Glendora, I am proud to support homeowners in this beautiful and community-focused city. Whether you’re considering a reverse mortgage to access the equity in your home or exploring financial options for a secure retirement, I am here to offer expert guidance tailored to your needs. Glendora is a place where small-town charm meets natural beauty and community pride, making it a truly special place to call home.
Contact your Glendora 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 November 2024
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