Top 5 reasons to talk to us about a Laguna Niguel 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 Laguna Niguel 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 Laguna Niguel Reverse Mortgage and get some options. No pressure – just numbers to consider.
More about our city…
Laguna Niguel is a city located in southern Orange County, California. The population was 61,891 at the 2000 census. The city was primarily built after 1980 as an unincorporated master planned community located in the foothills of Laguna Beach. It borders Laguna Beach, Dana Point, San Juan Capistrano, Mission Viejo, Laguna Hills, and Aliso Viejo.
As of the census of 2000, there were 61,891 people, 23,217 households, and 16,785 families residing in the city. The population density was 4,221.0/mi². There were 23,885 housing units at an average density of 1,629.0/mi². The racial makeup of the city was 83.50% White, 1.25% African American, 0.29% Native American, 7.73% Asian, 0.12% Pacific Islander, 3.48% from other races, and 3.62% from two or more races. Hispanic or Latino of any race were 10.38% of the population.
The median income for a household in the city was $80,733, and the median income for a family was $93,613. Males had a median income of $68,640 versus $40,487 for females. The per capita income for the city was $39,167. About 2.8% of families and 4.1% of the population were below the poverty line, including 3.6% of those under age 18 and 4.1% of those age 65 or over.