Looking for the best reverse mortgage deals in Palos Verdes, California? You're in the right place.
Lisa Korn
C2 Certified Reverse Mortgage Specialist
NMLS #319766 | DRE #01815427
(310) 722-3538
Palos Verdes Reverse Mortgage Lender
C2 Financial Corporation is a San Diego, 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 who are seeking to learn more about either 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.
Our team of originators has a team of experienced professionals who are familiar with the specific needs of homeowners in Palos Verdes, Redondo Beach, Torrance, and Carson. 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 Palos Verdes area.
There are already 2301 people in or within 10 miles of Palos Verdes who have a reverse mortgage today. In just the last 12 months 305 homeowners got a federally-insured reverse mortgage loan.
In 2021 the median home value in Palos was $1,733,063. The current maximum lending limit for FHA-insured reverse mortgages in 2022 is $1,149,825 which means most homes in Palos Verdes and in the surrounding area would see a maximum of $1,149,825 of their appraised home value considered in a federally-insured reverse mortgage (HECM). The vast majority eligible borrowers with high-value properties in Palos Verdes would see considerably more proceeds available in a private jumbo reverse mortgage.
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 Palos Verdes, California
The Palos Verdes peninsula is home to some of the most desirable and picturesque real estate on the west coast. Incorporated as a city in 1939, Palos Verdes translated from Spanish means ‘green sticks’. The city’s eponymous name comes from the unusual green bark of the Palo Verde tree. Residents and visitors can enjoy dramatic ocean vistas, horse trails, and hiking.
In 1913 American banker and journalist Frank Vanderlip purchased 25 square miles of property on the peninsula on behalf of wealthy east coast investors for the then tidy-sum of $1.5 million. Today the community is home to over 40,000 residents according to the U.S. Census.
Learn the steps in getting a reverse mortgage. Learn more about the process and what to expect.
Local attractions include Point Vicente Lighthouse, Ocean Trails Reserve, Abalone Cove Beach, and the magnificent Wayfarers Chapel or Glass Church.
Contact your Palos Verdes and southwest Los Angeles County reverse mortgage lender today.
Lisa 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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