Reverse Mortgages Near You - Rancho Cucamonga Reverse Mortgage Lender
Meet Susana Rhoades
Susana Rhoades
VP of Reverse Mortgages
NMLS #760390
(909) 757-1840
Get the best reverse mortgage deals in Rancho Cucamonga, California.
Susana Rhoades and Change Home Mortgage are your go-to team in Rancho Cucamonga 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 Rancho Cucamonga reached $784,717. That was up 5.7% over the last 12 months (https://www.zillow.com/home-values/40492/rancho-cucamonga-ca/).
There are 2,565 people in and around Rancho Cucamonga who already have a reverse mortgage with 160 of them taking advantage of one in the last 12 months.
About Rancho Cucamonga, California
Rancho Cucamonga, California, is a thriving city nestled in the Inland Empire region of San Bernardino County, known for its beautiful mountain views, family-friendly neighborhoods, and convenient access to shopping, dining, and outdoor activities. With a population of over 177,000 residents, Rancho Cucamonga combines suburban charm with a touch of urban sophistication, making it one of the most desirable places to live in Southern California.
The city has a rich history dating back to the 1800s, rooted in agriculture and wine production. Rancho Cucamonga’s name reflects its Native American and Spanish heritage, with "Cucamonga" derived from a Tongva (Gabrielino) word meaning "sandy place." Although the vineyards and wineries of the past have largely been replaced by residential neighborhoods and modern developments, Rancho Cucamonga still celebrates its heritage with historical landmarks, including the historic Joseph Filippi Winery and the Cucamonga Service Station, both nods to the city's agricultural and automotive past.
One of the major draws of Rancho Cucamonga is its abundance of outdoor recreational opportunities. With the majestic San Gabriel Mountains as a backdrop, residents and visitors enjoy hiking, biking, and exploring nearby trails, such as the popular Etiwanda Falls Trail, which leads to a scenic waterfall. The North Etiwanda Preserve offers additional hiking opportunities with stunning views of the city and surrounding landscapes. For family outings, Rancho Cucamonga has several well-maintained parks, including Central Park, which boasts picnic areas, sports facilities, and walking trails, and Red Hill Park, known for its duck pond, playground, and open spaces.
Rancho Cucamonga is also home to the sprawling Victoria Gardens, a popular outdoor shopping and entertainment destination. Victoria Gardens features a mix of high-end retailers, boutique shops, restaurants, and a cultural arts center. The Victoria Gardens Cultural Center hosts community events, theater performances, and art exhibits, contributing to the city's vibrant cultural scene. Throughout the year, Victoria Gardens and the city of Rancho Cucamonga hold events like holiday celebrations, farmers markets, and live music, making it a focal point for local activities.
Education and family life are key components of the community in Rancho Cucamonga. The city is served by several high-performing school districts, including the Etiwanda School District and the Chaffey Joint Union High School District. Rancho Cucamonga is also home to Chaffey College, a respected community college offering a variety of programs and courses. For families looking for quality education, Rancho Cucamonga provides access to top-rated schools, as well as numerous youth sports leagues, recreational programs, and community events that contribute to the city’s reputation as a family-friendly place to live.
As a reverse mortgage loan officer serving Rancho Cucamonga, I am honored to assist homeowners in this vibrant and diverse community. Whether you’re considering a reverse mortgage to access the equity in your home or exploring financial solutions to enhance your retirement, I am here to provide guidance and support. Rancho Cucamonga’s blend of suburban comfort, cultural amenities, and scenic beauty makes it a wonderful place to call home, and I am proud to serve the residents of this exceptional city.
Contact your Rancho Cucamonga 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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