For the Best Reverse Mortgage Loan Options in California, You’ve Come to the Right Place – Angella Conrard, CRMP
The housing market in California is unique compared to the rest of the nation, which is why, when you’re considering a California reverse mortgage, you need a Certified Reverse Mortgage Professional (CRMP). Angella Conrard, CRMP, has 16 years of experience and has received the highest level of education and certification in the industry. With C2 Financial (headquartered in Southern California), she can offer you the most options for a reverse mortgage in California.
C2 Financial has been recognized as an industry leader and award-winning financial services organization. They are rated A+ by the Better Business Bureau and were listed as one of the top 50 employers in the country. Angella chose to work with them because of the variety of reverse mortgage options and because they support her overarching desire to educate and inform her clients.
What is a California Reverse Mortgage?
A reverse mortgage is a financial tool that allows homeowners 62+ to tap into their home equity without selling the home. You continue to live in the property and utilize the equity to support your retirement without a monthly mortgage. These days, having additional financial resources can help you preserve your investment portfolio and allows you to age in place. Plus, you are not restricted in how you wish to spend the money.
To remain compliant with the reverse mortgage lender, you must use the home as your primary residence, maintain the home in good condition and stay current with all taxes and insurance. Payouts are available as a line of credit or monthly payments to you. (tenure or term) or as a lump sum.
Home Equity Conversion Mortgages (HECM) are FHA insured and considered "non-recourse," which means you never owe more than the home's value. The loan becomes due when an event occurs – such as you selling your home or when you pass. Options to repay the loan include through refinance or selling the home.
Who in California is Enjoying a Reverse Mortgage?
With 2,538,456 homeowners age 62+ in California, many of your neighbors have a reverse mortgage. In fact, in the past 12 months, 15,693 retirees have taken advantage of this valuable financial tool. Retirees in Los Angeles, San Diego, San Francisco, Silicon Valley, San Jose, Sacramento, and the Central Valley benefit from these programs.
And because home values are so high in our state, many of them can utilize a jumbo reverse for homes between $1M-$5M.
About California
When people think about California, the first thing to come to mind is the glamour of Hollywood or the romantic city charm of San Francisco. There is much diversity in landscape, people, and industries. Admitted into the United States as the 31st state of the union in 1850, California is the most populous state in the nation and sits on the west coast, bordering Oregon, Arizona, Nevada, and Baja, California. 
California is the most urban state in the US, with more than ¾ of the state’s people living in the San Francisco, Los Angeles, and San Diego metropolitan areas. The city of Santa Clara is considered the original home to "Silicon Valley," where silicon was first engineered and manufactured into what we know today as "chips." Manufacturing was a significant driver of the electronics industry in Silicon Valley, but eventually, much of it moved offshore. Today, it is an incubator of innovation with huge, innovative companies such as Google, Facebook, Intel, HP, Tesla, and other iconic tech companies headquartered. The state is also still the top-producing agricultural state in the country, primarily from the Central Valley.
The landscape is diverse – from coastline to dessert to the 352 intertwining mountain ranges across the state – it is a wealth of beauty and awe. Popular vacation destinations include the Redwood Forest, Lake Tahoe, Palm Springs, and metropolitan areas.
California is one of the most expensive states to live in, with the median price of single-family homes at $898,980.
Contact Angella today to get her expert guidance on your California Reverse Mortgage.
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