Reverse Mortgages Near You - Ontario Reverse Mortgage Lender
Meet Susana Rhoades
Susana Rhoades
VP of Reverse Mortgages
NMLS #760390
(909) 757-1840
Get the best reverse mortgage deals in Ontario, California.
Susana Rhoades and Change Home Mortgage are your go-to team in Ontario 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 Ontario reached $664,241. That was up 6.5% over the last 12 months (https://www.zillow.com/home-values/13108/ontario-ca/).
There are 3,054 people in and around Ontario who already have a reverse mortgage with 170 of them taking advantage of one in the last 12 months.
About Ontario, California
Ontario, California, is a bustling city located in San Bernardino County, known for its rich history, growing economy, and central location within the Inland Empire. With a population of nearly 200,000, Ontario is a thriving hub that offers a perfect blend of residential, commercial, and industrial areas. It is home to diverse communities, excellent shopping, and entertainment options, as well as strong educational and employment opportunities, making it an attractive place to live, work, and explore.
Founded in the late 19th century by George and William Chaffey, Ontario was initially established as a model colony, with a focus on agriculture and irrigation. Named after the Canadian province of Ontario, the city’s early economy revolved around citrus and vineyards, thanks to its fertile soil and ideal climate. Over time, Ontario evolved into a major economic center, with industries ranging from manufacturing to logistics. Its strategic location along major highways and close proximity to Ontario International Airport has made it a key player in the region’s transportation and logistics sectors.
Ontario is known for its shopping and entertainment offerings, with the Ontario Mills Mall standing out as one of the largest shopping destinations in Southern California. Ontario Mills features a variety of retail stores, outlet shops, restaurants, and entertainment venues, drawing visitors from all over the region. Another highlight is the Toyota Arena, a popular venue that hosts concerts, sporting events, and family shows, providing year-round entertainment for residents and visitors alike. The city also has a charming historic downtown area, where you’ll find locally-owned shops, cafes, and events that reflect Ontario’s unique character and heritage.
Outdoor enthusiasts in Ontario have plenty of options to enjoy the beautiful Southern California weather. Cucamonga-Guasti Regional Park, located just minutes from downtown, offers two lakes for fishing, a swimming lagoon, picnic areas, and playgrounds, making it a popular spot for families. There are also several smaller community parks throughout Ontario, providing green spaces, sports facilities, and recreational programs. For those looking to venture further, the nearby San Gabriel Mountains and Angeles National Forest offer hiking, camping, and scenic vistas just a short drive away.
Ontario is also known for its strong educational institutions, with the city being served by the Ontario-Montclair School District and Chaffey Joint Union High School District. The city is home to several highly-rated schools and is also in close proximity to higher education institutions such as Chaffey College and California State Polytechnic University, Pomona. Ontario’s commitment to education and community enrichment has made it an appealing choice for families looking for both academic and career growth opportunities.
As a reverse mortgage loan officer serving Ontario, I’m proud to assist homeowners in this vibrant and growing community. Whether you’re considering a reverse mortgage to access your home’s equity or exploring financial solutions to support your retirement, I’m here to provide expert guidance tailored to your unique needs. Ontario’s blend of economic vitality, family-friendly amenities, and community spirit makes it an exceptional place to call home, and I’m honored to support its residents in achieving their financial goals.
Contact your Ontario 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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