Top 5 reasons to talk to us about a Lake Forest 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 Lake Forest 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 Lake Forest Reverse Mortgage and get some options. No pressure – just numbers to consider.
More about our city…
Lake Forest is a city in Orange County, California, United States. The population was 58,707 at the 2000 census.
The city was created in 1991. Residents voted to name the city Lake Forest, after two expensive master planned residential communities, denying the longer claim to the territory by the community of El Toro. Since being founded, it has expanded its limits to include the newer communities of Foothill Ranch and Portola Hills. The multiplicity of names often creates confusion: some people in the Portola Hills neighborhood, for example, can receive mail addressed to them at Portola Hills, Lake Forest, or Trabuco Canyon.
The City of Lake Forest hosts the headquarters for hard-drive maker Western Digital and telecommunications software developer Greenlight Wireless Corporation.
Lake Forest is also home to two county parks. Whiting Ranch in the eastern part of the city was the site of a famous Mountain Lion mauling in 2003 that captured the West Coast news media.
Heritage Hill historical park is home to some of the oldest buildings in the county including the Serrano Adobe, the old El Toro School House, and St. Georges Episcopal Church.
In 1994, Kathryn McCullough became the first African American mayor of any city in Orange County. She currently serves as a member of the City Council.