Top 5 reasons to talk to us about a Costa Mesa Reverse Mortgage…
- Financial planning. The value of your home will move up or down regardless of the mortgage you have on it, if any. Why not rebalance some equity into other investments? See our example case studies for more options, or ask us, but one family pulled money out of their primary home to buy a 2nd home for cash near their grandchildren. No equity was lost – they just shifted it from one house to two, and enjoy a better quality of life to be near family.
- Cash is King. It’s always better to have liquid funds available and not need it, than the other way around.
- Clear out medical or other debts, and improve your quality of life. One couple had several thousands of dollars in dental work they’d put on a credit card, and were steadily paying down via social security, but that meant not visiting their children. With a reverse mortgage you’ll still leave the home to your kids if that’s what you choose, they’ll just have a small mortgage on it they can refinance or pay off.
- Stay out of a Nursing Home. By planning ahead with retrofitting and in-home care when you’re further along and need some help, a Costa Mesa Reverse Mortgage can help you by freeing up cash for this.
- Giving to family while you’re around to enjoy the transfer. A lot of well meaning families plan to leave their home to heirs – but by spreading this out over a number of years, you may be able to reduce the tax implications by staying below the annual gift-tax threshold, and you’re also able to have a hand in directing those funds toward grandkid’s college funds, travel together and more.
Next step: Schedule a free consultation with us about your Costa Mesa Reverse Mortgage and get some options. No pressure – just numbers to consider.
More about our city…
Costa Mesa History
Located on the “coastal tableland” above Newport Bay, Costa Mesa was once grazing grounds for cattle belonging to the Mission San Juan Capistrano. At the beginning of the 19th century, missionaries built an adobe “Estancia” or way-station for the vaqueros who tended the herds. This structure still stands and was recently restored and transformed by the City into a museum at 1900 Adams Avenue.
World War II brought many thousands of people to the area for training at the Santa Ana Army Air Base, located on what is now the Orange County Fairgrounds, Orange Coast College, and the present site of the Civic Center. When the war ended, many of these men and women returned with their families to begin the population boom which continues today.
On June 29, 1953, the City was incorporated and City Council-Manager form of government was chosen. The new City had an area of 3.5 square miles and a population of 16,840. Within 35 years, by 1988, the population had risen to 90,000 and the area to 17 square miles. The 2005 Census noted population at 113,143. The City, which formally adopted the slogan “The City of the Arts” in 1999, is home to a regional symphony orchestra and the South Coast Repertory Theater. The 3,000-seat Orange County Performing Arts Center was completed in 1985. In 2006, both the 2,000-seat Renee and Henry Segerstrom Concert Hall and the 500-seat Samueli Theater held their grand openings.