Reverse Mortgages Near You - San Dimas Reverse Mortgage Lender
Meet Susana Rhoades
Susana Rhoades
VP of Reverse Mortgages
NMLS #760390
(909) 757-1840
Get the best reverse mortgage deals in San Dimas, California.
Susana Rhoades and Change Home Mortgage are your go-to team in San Dimas 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 Pasadena reached $907,146. That was up 5.2% over the last 12 months (https://www.zillow.com/home-values/8857/rancho-park-san-dimas-ca/).
There are 4,069 people in and around San Dimas who already have a reverse mortgage with 206 of them taking advantage of one in the last 12 months.
About San Dimas, California
San Dimas, California, is a vibrant city nestled in the foothills of the San Gabriel Mountains in eastern Los Angeles County. Known for its charming Old Town, community events, and proximity to outdoor recreation, San Dimas offers a welcoming suburban lifestyle with a blend of small-town charm and modern conveniences. With a population of around 34,000, the city is celebrated for its strong sense of community, family-friendly atmosphere, and scenic surroundings.
San Dimas has a rich history that dates back to the late 19th century. Originally a part of the vast Rancho San Jose, the area transformed into an agricultural community focused on citrus farming. Today, the city’s Old Town area reflects its heritage with well-preserved historic buildings, local shops, and unique dining options. Old Town San Dimas serves as a hub for community events and gatherings, offering a walkable, nostalgic charm that appeals to both residents and visitors.
One of San Dimas’ most famous attractions is Raging Waters, one of California's largest water parks. This popular summer destination draws families from all over Southern California with its thrilling water slides, lazy river, and wave pools, providing a fun and refreshing escape during the warmer months. Another nearby attraction is the Pacific Railroad Museum, which celebrates the region’s railroad history with exhibits and vintage trains, capturing a unique part of San Dimas' past.
For nature lovers, San Dimas is ideally located near the beautiful San Gabriel Mountains, providing easy access to outdoor activities like hiking, biking, and horseback riding. The nearby Frank G. Bonelli Regional Park is a favorite spot for locals, offering over 1,900 acres of scenic parkland surrounding the peaceful Puddingstone Lake. The park features amenities such as picnic areas, fishing spots, boat rentals, and campgrounds, making it a perfect spot for families and outdoor enthusiasts to enjoy nature and recreation.
San Dimas is known for its tight-knit community and hosts a variety of annual events that foster a sense of togetherness. The San Dimas Rodeo is a beloved tradition that brings Western heritage to life each fall, featuring rodeo competitions, live entertainment, and family-friendly activities. The city also celebrates its holiday spirit with the annual Christmas Parade and Holiday Extravaganza, bringing residents together to enjoy festive decorations, music, and community cheer.
As a reverse mortgage loan officer serving San Dimas, I am honored to assist homeowners in this beautiful and close-knit community. Whether you’re looking to unlock the equity in your home with a reverse mortgage or exploring financial solutions to enhance your retirement, I am here to provide personalized support and guidance. San Dimas is a city where history, outdoor beauty, and community pride come together, making it a wonderful place to call home.
Contact your San Dimas 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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