Reverse Mortgages Near You - San Marino 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 Marino, California.
Susana Rhoades and Change Home Mortgage are your go-to team in San Marino 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 San Marino reached $2,610,005. That was up 3.9% over the last 12 months (https://www.zillow.com/home-values/54299/san-marino-ca/).
There are 4,337 people in and around San Marino who already have a reverse mortgage with 165 of them taking advantage of one in the last 12 months.
About San Marino, California
San Marino, California, is a picturesque and affluent city located in Los Angeles County, known for its beautiful tree-lined streets, historic estates, and peaceful residential neighborhoods. With a population of around 13,000 residents, San Marino offers an idyllic suburban lifestyle just a short distance from the bustling metropolis of Los Angeles. Known for its commitment to preserving its architectural heritage and its highly regarded schools, San Marino is a sought-after community with a reputation for elegance, tranquility, and exclusivity.
San Marino was founded in 1913 and was designed as a carefully planned residential community. The city is named after the Republic of San Marino in Italy, a small country known for its independence and historic significance. Today, San Marino is home to a variety of historic mansions and estates, reflecting architectural styles from Spanish Revival to Colonial. This commitment to preserving the character and aesthetics of the city has made it one of the most desirable places to live in Southern California.
One of the most notable attractions in San Marino is the Huntington Library, Art Museum, and Botanical Gardens. This world-renowned institution, established by railroad magnate Henry E. Huntington, features a stunning collection of rare books, art, and beautifully curated gardens. Visitors and residents alike can explore the Huntington’s art galleries, which showcase works from European and American masters, as well as stroll through themed gardens such as the Japanese Garden, the Desert Garden, and the Rose Garden. The Huntington is a beloved landmark and a point of pride for the San Marino community.
San Marino also boasts a strong sense of community and family-friendly atmosphere. Lacy Park, a 30-acre park in the heart of the city, offers residents a serene place to enjoy picnics, jogging paths, and play areas. The park is a popular spot for community gatherings and seasonal events, such as the city's annual Fourth of July Celebration. These gatherings foster a sense of togetherness and contribute to the welcoming spirit of San Marino.
Education is a cornerstone of San Marino’s community values, and the San Marino Unified School District is widely recognized for its excellence. With top-rated schools like Valentine Elementary, Huntington Middle School, and San Marino High School, the district is known for its academic rigor and high graduation rates. San Marino’s schools consistently rank among the best in California, making it an attractive destination for families who prioritize education.
As a reverse mortgage loan officer serving San Marino, I am proud to assist residents of this exceptional community. Whether you're interested in unlocking your home’s equity with a reverse mortgage or exploring financial options to enhance your lifestyle, I am here to provide personalized support and guidance. San Marino offers a unique blend of natural beauty, history, and sophistication, making it one of the most desirable places to live in California.
Contact your San Marino 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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