Find the best reverse mortgage deals in Newport Beach, California. Angella Conrard is here to help.
Reverse Mortgage Advisor
NMLS #139966 | DRE #01422602
FL #LO82861 | WA #MLO139966
CO #100522498 | OR #139966
ID #MLO-2080139966 | TX #139966 | NM #2130474
Newport Beach Reverse Mortgage Lenders
C2 Financial Corporation is a California-based mortgage lender. Today over 100 of their originators are ‘C2 Reverse Mortgage Certified’ to ensure the highest level of professionalism and integrity for borrowers seeking to learn more about proprietary (private) or federally insured reverse mortgages.
C2 was recognized in 2018 Mortgage Executive Magazine as the 'Top Mortgage Broker in the Country' and as one of the '50 Best Companies to Work For in addition to being featured in the National Mortgage Professional Magazine, and has published several articles in the Scotsman Guide, a key industry publication.
Each of our originators has a team of experienced professionals familiar with homeowners' specific needs in Newport Beach, Costa Mesa, Santa Ana Heights, Mesa Verde, and Halecrest. We can walk you through the questions you’re certain to have and the process should you decide to utilize your home’s value to create more cash flow in retirement.
How many of your neighbors have done a reverse mortgage? Here are some interesting facts about reverse mortgages and the housing market in the greater Newport Beach area.
3,217 people in or within 10 miles of Newport Beach already have a reverse mortgage and are familiar with the benefits of the loan. In the last 12 months, 425 more homeowners took out a federally-insured reverse mortgage.
In 2021, the median home value in Newport Beach was $2,918,379 ($2.9 million). Many homeowners in Orange County may opt to apply for a private jumbo reverse mortgage, instead of the federally-insured reverse mortgage which only considers the first $1,089,300 of the home’s appraised value. However, a private reverse mortgage includes several million dollars of the appraised value (limits vary by the lending institution) providing significantly more access to your home’s value.
Reverse mortgages calculate the maximum available loan benefit (before fees, costs, and lien payoffs) for qualified borrowers based on the home’s appraised value, the age of the youngest borrower, or named non-borrowing spouse, and the current/starting effective interest rate.
About Newport Beach, California
The area of Newport Beach was first inhabited by the Tongva people with a thriving coastal community for thousands of years. It’s quite shocking, considering the cost of Newport real estate that at one time the State of California sold acre plots for the sum of $1 each. Throughout the 1800s European settlers colonized the land. The population grew substantially following the 1870 arrival of a 105-ton steamer named The Vaquero, captained by Captain Samuel S. Dunnells. His navigation of the treacherous bay ushered in a new era of cargo shipping and new arrivals. Hearing the news James Irvine to the San Joaquin Ranch where it was agreed the newly found navigable port should be named “Newport”. In 1906 the fledgling town with a mere 206 residents was incorporated. In April 2020 the population census reports a population of 85,239.
Today, Newport is one of California’s most desirable and expensive coastal communities. Tourists and residents alike use the Catalina Flyer commercial ferry to visit Catalina Island, in addition to harbor tours, whale watching, and sports fishing charters.
Local attractions include Whale-Watching Cruise from Newport Beach, Crystal Cove State Park, Balboa Island, Newport Beach Pier, Sherman Library & Gardens, the Orange County Museum of Art, and The Wedge.
Angella Conrard and her team at C2 Reverse Mortgage are ready to answer any questions or concerns you may have about a reverse mortgage. It's important to get the facts first, discuss your unique goals and needs, and see how much you may be able to qualify for with a reverse mortgage.
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