Reverse Mortgages Near You - Pomona Reverse Mortgage Lender
Meet Susana Rhoades
Susana Rhoades
VP of Reverse Mortgages
NMLS #760390
(909) 757-1840
Get the best reverse mortgage deals in Pomona, California.
Susana Rhoades and Change Home Mortgage are your go-to team in Pomona 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 Pomona reached $655,721. That was up 6.3% over the last 12 months (https://www.zillow.com/home-values/20008/pomona-ca/).
There are 3,291 people in and around Pomona who already have a reverse mortgage with 187 of them taking advantage of one in the last 12 months.
About Pomona, California
Pomona, California, is a dynamic and diverse city located in eastern Los Angeles County, known for its rich cultural heritage, vibrant arts scene, and beautiful historic architecture. With a population of over 150,000, Pomona combines urban conveniences with small-town charm, making it a unique place to live. Its central location between Los Angeles and the Inland Empire provides residents with easy access to major metropolitan areas while offering a community with its own distinctive character.
Pomona was founded in the late 19th century and was originally an agricultural hub, famous for its citrus groves and vineyards. Named after the Roman goddess of fruit, Pomona’s agricultural roots are still celebrated today through annual events and festivals. As the city grew, it became a cultural and educational center in the region, attracting artists, academics, and families alike. Pomona’s historic downtown area, with its preserved buildings and charming storefronts, stands as a reminder of the city’s storied past.
The downtown Pomona Arts Colony is a major attraction in the city, known for its thriving arts scene and diverse cultural events. This vibrant area is home to art galleries, studios, theaters, and live music venues, and regularly hosts art walks and exhibitions that attract visitors from all over Southern California. The Fox Theater Pomona, a historic landmark dating back to the 1930s, hosts concerts, performances, and community events, making it a cultural centerpiece in the city. For residents and visitors alike, the Arts Colony offers a creative and inspiring atmosphere that celebrates Pomona’s artistic heritage.
Outdoor enthusiasts can enjoy several parks and recreational facilities throughout Pomona. Ganesha Park, a local favorite, offers picnic areas, playgrounds, sports fields, and a public pool, making it a popular spot for family gatherings and outdoor activities. The city is also close to the scenic San Gabriel Mountains, providing easy access to hiking trails and natural beauty. For those interested in botany, the nearby California Botanic Garden in neighboring Claremont showcases native California plants and serves as a peaceful escape from urban life.
Pomona is also a hub of education, as it is home to the prestigious California State Polytechnic University, Pomona (Cal Poly Pomona). This respected institution is known for its strong engineering, architecture, and agriculture programs, attracting students from across the country. In addition to Cal Poly Pomona, the city is served by the Pomona Unified School District, which includes a range of elementary, middle, and high schools that offer academic and extracurricular opportunities for local students.
As a reverse mortgage loan officer serving Pomona, I am proud to support homeowners in this diverse and culturally rich community. Whether you’re considering a reverse mortgage to access the equity in your home or exploring options to support your retirement, I am here to provide knowledgeable guidance and personalized assistance. Pomona’s blend of historic charm, vibrant arts scene, and educational excellence makes it a wonderful place to live, and I’m honored to assist its residents with their financial needs.
Contact your Pomona 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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