Tustin Reverse Mortgage

Top reasons to talk to us about a Tustin Reverse Mortgage

  1. 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.
  2. Cash is King. It’s always better to have liquid funds available and not need it, than the other way around. 
  3. 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. 

More About our city…

Tustin is a city in Orange County, California, United States. As of the 2006 census, the city had a total population of 70,871. The city is located next to the county seat, Santa Ana, and does not include the Tustin Foothills. The city is home to mostly middle and upper middle class residents, but some lower income persons live in Tustin as well. Unincorporated Northern Tustin contains areas of exceptional wealth, including Lemon Heights and Cowan Heights. The East side and Tustin Ranch communities are home to upper income residents.

As of the census of 2000, there were 67,504 people, 23,831 households, and 16,062 families residing in the city. The population density was 5,921.4/mi². There were 25,501 housing units at an average density of 2,236.9/mi². The racial makeup of the city was 58.72% White, 2.92% African American, 0.66% Native American, 14.90% Asian, 0.30% Pacific Islander, 17.94% from other races, and 4.55% from two or more races. Hispanic or Latino of any race were 34.24% of the population.

There were 23,831 households out of which 36.8% had children under the age of 18 living with them, 50.2% were married couples living together, 12.3% had a female householder with no husband present, and 32.6% were non-families. 24.1% of all households were made up of individuals and 5.2% had someone living alone who was 65 years of age or older. The average household size was 2.82 and the average family size was 3.37.

In the city the population was spread out with 26.8% under the age of 18, 9.3% from 18 to 24, 38.1% from 25 to 44, 18.6% from 45 to 64, and 7.1% who were 65 years of age or older. The median age was 32 years. For every 100 females there were 95.9 males. For every 100 females age 18 and over, there were 92.9 males.

Further Reading:

https://en.wikipedia.org/wiki/Reverse_mortgage

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