Reverse Mortgages Near You - Montclair Reverse Mortgage Lender
Meet Susana Rhoades
Susana Rhoades
VP of Reverse Mortgages
NMLS #760390
(909) 757-1840
Get the best reverse mortgage deals in Montclair, California.
Susana Rhoades and Change Home Mortgage are your go-to team in Montclair 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 Montclair reached $651,460. That was up 6.2% over the last 12 months (https://www.zillow.com/home-values/32927/montclair-ca/).
There are 2,890 people in and around Montclair who already have a reverse mortgage with 160 of them taking advantage of one in the last 12 months.
About Montclair, California
Montclair, California, is a lively suburban city located in southwestern San Bernardino County, nestled near the border of Los Angeles County. Known for its convenient location, family-friendly atmosphere, and diverse community, Montclair offers residents the best of both suburban and urban life. With a population of around 40,000, Montclair is a welcoming city that provides a balanced lifestyle, with access to quality schools, shopping, dining, and recreational activities.
Originally part of the larger Chaffey colony in the late 19th century, Montclair began as an agricultural area, cultivating crops such as citrus, grapes, and olives. As Southern California grew, Montclair evolved from its agricultural roots into a residential and commercial hub. Incorporated in 1956, the city has since developed into a vibrant suburban community, maintaining its friendly atmosphere while embracing growth and modernization.
One of Montclair’s highlights is Montclair Place, a popular shopping mall that has been serving the community since the 1960s. Recently renovated to include modern amenities and a fresh aesthetic, Montclair Place features a variety of retail stores, restaurants, and entertainment options, including a movie theater. This retail destination is a favorite spot for locals to shop, dine, and spend leisure time with family and friends. Montclair is also conveniently located near the Claremont Colleges, providing educational and cultural events accessible to residents.
For outdoor enthusiasts, Montclair offers several parks and recreational areas for families to enjoy. Alma Hofman Park, the city’s largest park, features playgrounds, sports fields, picnic areas, and a community center, making it a perfect gathering spot for families and friends. Other parks, such as Moreno Vista Park and MacArthur Park, provide additional green spaces and recreational facilities for residents. Montclair’s proximity to the San Gabriel Mountains also offers easy access to outdoor activities, such as hiking, camping, and scenic drives.
Montclair is served by the Ontario-Montclair School District, which offers a range of elementary and middle schools dedicated to fostering academic growth and personal development. The city is also near various high schools and higher education institutions, including Chaffey College and the Claremont Colleges, providing local residents with access to quality education and career opportunities. Montclair’s commitment to education and community support makes it an attractive choice for families.
As a reverse mortgage loan officer serving Montclair, I am here to support homeowners in this vibrant community. Whether you’re considering a reverse mortgage to tap into your home’s equity or exploring financial options to enhance your retirement, I am available to provide expert guidance tailored to your needs. Montclair’s mix of suburban comfort, recreational options, and accessibility to nearby cities makes it a great place to call home, and I’m proud to serve its residents with trusted financial solutions.
Contact your Montclair 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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