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Redondo Beach Reverse Mortgages

Are you curious how a reverse mortgage in Redondo Beach, California could benefit you in retirement? Meet Lisa Korn.

Lisa Korn Reverse Mortgages

Lisa Korn

C2 Certified Reverse Mortgage Specialist
NMLS #319766 | DRE #01815427

 (310) 722-3538

 



Redondo Beach Reverse Mortgage Lender

C2 Reverse Mortgage has been a trusted mortgage advisor since 1989. Borrowers have entrusted us with one of the most significant financial decisions of their lives in retirement. C2 Reverse Mortgage offers reverse mortgages to homeowners in the Redondo Beach area and Lisa Korn represents our top class service with pride and joy.

Living in your home without a traditional monthly mortgage payment and even enjoying monthly loan proceeds could not only be a stress relief but a sensible financial strategy in retirement. You've invested in your home for years and now you can put that equity to work for you. A reverse mortgage is a unique mortgage designed for seniors 62 and older that enables you to live in the home that you love the rest of your life and benefit from the equity you've built over the years.

Lisa Korn is an experienced professional who is familiar with the specific needs of Redondo Beach area homeowners. She can walk you through the questions, you’re certain to have, and the whole process, should you decide to utilize your home’s value to create more cash-flow in retirement.

Redondo Beach Reverse Mortgage Facts

Redondo Beach Reverse Mortgage Stats

How many of your neighbors have done a reverse mortgage? Here are some helpful facts about reverse mortgages and then housing market in the Redondo Beach area.

The Los Angeles County coastal city of Redondo Beach (Spanish for round) is located in the South Bay region of the Greater Los Angeles area. This suburb of Redondo Beach has a population of 66,820 in 2020. The median home value is $1,143,786. The current maximum lending limit for FHA-insured reverse mortgages is $1,149,825 which means most borrowers would see their full home value considered in the calculation of the potential maximum reverse mortgage loan benefit. Homes above $1,149,825 may choose our private jumbo reverse mortgage for higher-valued properties.


An Intro to Reverse Mortgages

A reverse mortgage allows qualified borrowers to use a portion of their home's value to create additional monthly cash-flow, eliminate an existing mortgage monthly payment*, or have access to future funds in a credit line when needed. The funds available are based on the youngest borrower's age, the current interest rate charged, and the home's appraised value.

*Borrowers are responsible to continue to make payments for property taxes, homeowner's insurance, or association dues when applicable.


Redondo Beach Pier
Redondo Beach Pier

 

About Redondo Beach, California

Redondo Beach was incorporated in 1892. South Redondo Beach is currently known for its beachfront with its pier and marina. Previous to 1990, the area was known for fishing and canning but after the economic downfall in the 1980s things changed. In 1990 the marina and pier were renovated to accommodate the business demand for beachwear and surfing supplies. The area is now a destination for those who enjoy the laid-back atmosphere and close knit beach town feel.


The Process

We walk you through every step of getting your reverse mortgage. Learn more about the process and what to expect.


Redondo Beach, California
Redondo Beach, California

The beach draw of Redondo Beach is strong with its sistering cities of Hermosa Beach and Manhattan Beach. Redondo was described as "The Gem of the Continent" in the Los Angeles Daily Herald in 1887. Surfing and beach volleyball is a big part of Redondo's beach lifestyle.

The long beach that ends in Redondo starts below the bluffs of Palos Verdes in the south and continues north to the Redondo Pier. There is a beautiful bike trail, The Marvin Braude Bike Trail that runs from Torrance through South Redondo all the way to Santa Monica.

Redondo Beach was also the location of the filming of the popular TV series, Baywatch.

Contact A 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.

 

Please provide your info below to request your no-obligation reverse mortgage quote.

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