Reverse Mortgages Near You - Walnut Reverse Mortgage Lender
Meet Susana Rhoades
Susana Rhoades
VP of Reverse Mortgages
NMLS #760390
(909) 757-1840
Get the best reverse mortgage deals in Walnut, California.
Susana Rhoades and Change Home Mortgage are your go-to team in Walnut 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 Walnut reached $1,168,205. That was up 6.4% over the last 12 months (https://www.zillow.com/home-values/96521/walnut-ca-91788/).
There are 4,069 people in and around Walnut who already have a reverse mortgage with 206 of them taking advantage of one in the last 12 months.
About Walnut, California
Walnut, California, is a serene and picturesque city nestled in the eastern part of Los Angeles County. Known for its suburban charm, excellent schools, and strong sense of community, Walnut offers a peaceful lifestyle just a short drive away from the hustle and bustle of downtown Los Angeles. With a population of around 30,000, Walnut is a small but vibrant city that prioritizes quality of life, making it a popular choice for families and professionals alike.
The city has a rich history that dates back to the early 19th century, when the area was primarily used for cattle ranching and farming. The name “Walnut” originated from the Rancho Los Nogales land grant, with “Nogales” being the Spanish word for walnut trees, which were once abundant in the area. Over time, Walnut transformed into a suburban community while preserving its rural charm and scenic beauty. Today, Walnut is known for its tree-lined streets, well-kept neighborhoods, and open spaces, contributing to its reputation as one of the most desirable places to live in the region.
Walnut is renowned for its beautiful parks and outdoor spaces, providing residents with plenty of recreational opportunities. Suzanne Park, Snow Creek Park, and Walnut Ranch Park are among the popular spots for families to enjoy picnics, sports, and playgrounds. The city also has an extensive trail system, including the Walnut Creek Trail, where residents can go hiking, biking, or simply enjoy a leisurely stroll through the natural landscape. For equestrian enthusiasts, Walnut offers horse trails and facilities that celebrate the city’s rural roots and love for outdoor activities.
Education is one of Walnut’s strongest assets, with the city being served by the highly acclaimed Walnut Valley Unified School District. Schools in this district, including Walnut High School and Diamond Bar High School, are consistently ranked among the top in California, making Walnut an attractive destination for families focused on academic excellence. Additionally, the presence of Mt. San Antonio College, a highly regarded community college, adds to the city’s educational appeal. The college offers a variety of programs and services, providing local residents with convenient access to higher education and career development opportunities.
Walnut’s community-oriented lifestyle is evident in its array of local events and cultural offerings. The city hosts events like the annual Walnut Family Festival, a lively celebration that brings residents together with parades, games, food vendors, and entertainment. Walnut’s Farmers Market is another local favorite, offering fresh produce, artisan goods, and a chance to connect with neighbors. These community gatherings foster a close-knit atmosphere and give Walnut a welcoming, small-town feel, despite its proximity to larger urban centers.
As a reverse mortgage loan officer serving Walnut, I am honored to assist homeowners in this beautiful and family-friendly city. Whether you’re exploring the option of a reverse mortgage to unlock the equity in your home or considering financial solutions to support your retirement goals, I am here to provide expert guidance and support. Walnut’s blend of peaceful living, excellent schools, and community spirit makes it a wonderful place to call home, and I am proud to serve its residents.
Contact your Walnut 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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