Reverse Mortgages Near You - Calabasas Reverse Mortgage Lender
Meet Monty Simons
Monty Simons
Reverse Mortgage Specialist
NMLS #286088
(818) 825-1773
Secure the best reverse mortgage deals in Calabasas, California
Monty Simons is one of Calabasas’s most trusted professionals to talk to if you are keen to learn more about how a reverse mortgage may benefit you – from Thousand Oaks to Woodland Hills and indeed anywhere in Los Angeles County.
Monty has been originating reverse mortgages for more than 16 years and wants to share all his knowledge for the benefit of seniors across the San Fernando Valley or anywhere in Southern California.
He’s a local who knows the Valley like the back of his hand and will always go the extra mile to ensure he’s found the best possible deal for his clients.
“Peace of mind,” Monty says. “That’s what most people are looking for.”
“As a provider of reverse mortgages in California, I will work to present you with all of the specific options at your disposal and I'd love to add you to my list of satisfied customers.
“This is a powerful product that can increase your income today and provide the financial security you need for your future.”
What is a reverse mortgage?
A reverse mortgage is one of the most dynamic loan products on the market.
It is ideally suited to seniors who have equity in their property but are struggling with the ever-rising expenses of day to day living.
The product offers financial freedom to those who are struggling with liquidity.
If you are at least 62 years of age, you can apply for a potentially life-changing reverse mortgage that can ensure you can continue to live in your family home.
That’s because it allows you to turn your equity into a supplementary income stream, instantly raising your standard of living and transforming your financial wellbeing.
Instead of having to count every penny, you’ll be able to see out your retirement with the level of style and comfort you had always hoped and planned.
Funds can be transferred in a number of different ways including a line of credit, monthly installments, a lump sum or a combination of all three.
As long as the terms of the loan are met, it does not require repayment until either the homeowner sells or the last surviving borrower passes away.
It’s one of the shrewdest ways homeowners can enjoy their retirement in a way they may no longer have dreamed possible.
House prices have risen significantly in recent times.
The value of properties in Calabasas have enjoyed a period of incredible growth.
In the two and a half years, they had skyrocketed an eye-watering 34.9%.
And while the last 12 months has seen a slight correction of 1.6%, average prices of $1,618,904 (https://www.zillow.com/home-values/37688/calabasas-ca/) mean most locals have a lot of potential equity in their properties*.
Already, 1,806 people in and around Calabasas have purchased a reverse mortgage with 200 buying one in the last 12 months*.
About Calabasas, California
There remains two different trains of thought as to how Calabasas was named.
One credits the Chumash Indians with applying the native word “calahoosa” that means “where the wild geese fly”.
The other suggests the word hails from the Spanish and means pumpkin or winter squashes - a theory which aligns with the abundance of wild squash in the area.
Equally, local legend tells a story of a rancher who lost a load of pumpkins down the Calabasas hillside in 1824, triggering an explosion of the big vegetable across the hills.
But the name “Las Calabazas” had already been recorded as a place name as early as 1792.
Dating back to 1844, the Leonis Adobe is one of the oldest buildings in the greater Los Angeles area but Calabasas was not incorporated as a city until 1991.
This makes it the newest city in Los Angeles County.
Lying cozily between the Santa Monica and Santa Susana mountains, Calabasas is one of the most exclusive cities in the country.
Pumpkins remain an integral part of the city’s history with an annual festival celebrated as well as an “Eggstravaganza” and the Calabasas Film Festival held locally.
The nearby Malibu Creek State Park has been the location for many films including The Poseidon Adventure, The Towering Inferno and Pleasantville.
Even more famously, the park also provided the backdrop for many episodes of M*A*S*H.
Contact your Calabasas reverse mortgage lender today.
Monty is looking forward to assisting anyone curious to learn more about reverse mortgages.
For your convenience, he has flexible business hours and is happy to meet on weekends or evenings.
For a no obligation assessment of your position, please call Monty on (818) 825-1773.
*As of March 2023
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