Get the best reverse mortgage deals in Sherman Oaks, California.
Meet Lorraine Jones
NMLS #229025 | CA DRE # 00880390
Lorraine Jones and Option Funding are some of the best people to talk with in Sherman Oaks if you want to learn more about how a reverse mortgage could benefit you, from Van Nuys to Bel Air and throughout Los Angeles County.
Lorraine is a reverse mortgage specialist who has devoted her time and energy to helping seniors in need in Southern California since 2002.
She was motivated to do so after seeing how big an impact the loan has on their standard of living and how it can extend the life of their retirement nest egg beyond its traditional timeframe.
Lorraine is a 30-year veteran of the industry and has worked with everyone from realtors and financial planners to estate planners and elder law attorneys.
She knows any decision to refinance is a big one and strives to make the process as comfortable for her clients as possible by meeting them in their own homes and listening intently to formulate the best possible strategy.
Lorraine's commitment to all her clients is to give them all the relevant information, enabling them to make the best possible decision and leave them with a positive outcome.
What is a reverse mortgage?
It might sound like you are going backwards but a reverse mortgage is an incredibly powerful loan product that has the potential to catapult you out of the financial doldrums.
If you own your own home but are concerned whether you have enough savings for your retirement, a reverse mortgage might well be the answer to your prayers.
It gives homeowners the ability to convert the equity they have in their home into cash, usually by way of a supplementary income stream.
It means any thoughts of having to sell your prized home can be forgotten.
The loan is available to anyone 62 years or older, with approved applicants being able to breathe more easily, comforted by the knowledge they can remain in their home.
They may even be able to consider splashing out a little on some home improvements or enjoy a much-needed getaway.
Homeowners can be paid in a number of different ways including a lump sum payment, monthly installments or a line of credit – even a combination of all three.
One of the great aspects of this loan is that as long as the terms are met, there is no need to repay it until either the homeowner sells the residence or the last surviving borrower passes away.
The cost of housing has boomed in recent times and Sherman Oaks homeowners will be delighted with an 18.3 percent jump over the last 12 months taking average prices to $1,449,562 (https://www.zillow.com/sherman-oaks-ca/home-values/).
Already 4,897 people in and around Sherman Oaks have a reverse mortgage with 623 signing on in the last 12 months.
About Sherman Oaks, California
Sherman Oaks lies just 16 miles northwest of downtown Los Angeles in the San Fernando Valley.
It took its name from American land developer Moses Sherman who owned 1,000 acres around the Ventura and Sepulveda Boulevards.
A quiet and peaceful neighborhood with a vibrant heart full of upmarket restaurants and bars, Sherman Oaks is less than 30 miles from Malibu, 14 miles from Santa Monica and 10 miles from the heart of Hollywood.
It has long been a popular address for the rich and famous with a star-studded line-up of residents including James Dean, Clint Eastwood, Drew Barrymore and Jennifer Aniston.
The Sherman Oaks Chamber Street Fair and the Van Nuys Sherman Oaks Park Memorial Day Festival are two of the biggest events on the local calendar.
The Tuesday Market sells a variety of fresh produce throughout the year.
Part of Sherman Oaks shares the same 90210 zip code as Beverley Hills.
Contact your Sherman Oaks reverse mortgage lender today.
Lorraine and her team at Option Funding are ready to take your call for any enquiries you may have about a reverse mortgage.
Please contact her at (805) 304-3574 and she will be happy to organize a no-obligation assessment of your position.
Please provide your info below to request your no-obligation reverse mortgage quote.
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