Reverse Mortgages Near You - La Verne Reverse Mortgage Lender
Meet Susana Rhoades
Susana Rhoades
VP of Reverse Mortgages
NMLS #760390
(909) 757-1840
Get the best reverse mortgage deals in La Verne, California.
Susana Rhoades and Change Home Mortgage are your go-to team in La Verne 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 La Verne reached $942,516 That was up 6.3% over the last 12 months (https://www.zillow.com/home-values/39308/la-verne-ca/).
There are 3,291 people in and around La Verne who already have a reverse mortgage with 187 of them taking advantage of one in the last 12 months.
About La Verne, California
La Verne, California, is a picturesque and friendly city nestled in the foothills of the San Gabriel Mountains in Los Angeles County. With a population of around 32,000, La Verne is known for its family-friendly atmosphere, highly regarded schools, and charming small-town feel. Located about 30 miles east of downtown Los Angeles, La Verne offers a suburban oasis with easy access to both urban amenities and scenic natural beauty, making it an appealing place to live for people of all ages.
La Verne’s history dates back to the late 19th century when it was originally founded as a citrus-growing community. Known at the time as Lordsburg, the city played an essential role in California’s citrus industry, with vast groves of oranges and lemons that contributed to the region’s prosperity. In 1917, the city was renamed La Verne, and while the citrus groves have largely been replaced by residential neighborhoods, the community has preserved its historic charm and close-knit feel. The Old Town La Verne area showcases this heritage, with charming buildings, locally-owned businesses, and restaurants that bring residents and visitors together.
One of La Verne’s standout features is the presence of the University of La Verne, a well-regarded private university with a strong academic reputation and a beautiful campus located near the heart of the city. Established in 1891, the university attracts students from around the world, adding a youthful and diverse energy to the community. The university hosts a variety of events, cultural activities, and lectures that are open to the public, enriching the local community and providing residents with opportunities for lifelong learning and engagement.
La Verne is also home to an abundance of parks and recreational spaces. Residents can enjoy the scenic beauty of the nearby San Gabriel Mountains, which offer ample opportunities for hiking, biking, and outdoor adventures. Local parks such as Las Flores Park, Oak Mesa Park, and Live Oak Park provide residents with places to relax, have picnics, and enjoy family-friendly activities. Heritage Park, a historic farmstead turned community park, celebrates the city’s agricultural past and hosts seasonal events, including the annual Pumpkin Patch and Christmas tree sales.
La Verne fosters a strong sense of community, evident in its annual events and gatherings. The city hosts a variety of family-oriented celebrations throughout the year, including the La Verne Heritage Foundation’s annual Harvest Festival, the Fourth of July parade and fireworks, and the Old Town Holiday Stroll. These events bring residents together, creating a warm and welcoming atmosphere that makes La Verne feel like home.
As a reverse mortgage loan officer in La Verne, I am proud to support the residents of this charming and vibrant community. Whether you’re considering a reverse mortgage to access your home’s equity or exploring financial options for retirement, I am here to provide expert guidance tailored to your unique needs. La Verne is a place where history, community, and natural beauty come together to create a special environment, making it a wonderful place to live, work, and enjoy life.
Contact your La Verne 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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