Reverse Mortgages Near You - Granite Bay Reverse Mortgage Lender
Meet Tom Caruthers
Tom Caruthers
Reverse Mortgage Specialist
NMLS #2245401 | CA DRE #00812904
(916) 378-7443
Find the best reverse mortgage deals in Granite Bay, California.
Tom Caruthers and My Reverse Mortgage are your team of choice in Granite Bay when you need expert advice on anything to do with reverse mortgages.
Tom is a veteran of the real estate and mortgage industries, having first dipped his toes into the business as a commercial real estate agent in 1978.
That’s why he’s often asked why, at his age and with all his experience, he’s selling reverse mortgages.
It’s a question he loves to answer.
“Because, according to insurance giant Northwestern Mutual Life, ‘One in three baby boomers have somewhere between $0 - $25,000 in retirement savings’,” Tom says.
“Even worse, nearly half (46%) of adults in America have taken no steps to prepare for the likelihood they could outlive their savings.
“The situation is dire and it’s happening all around us – to family, friends and people we know.
“If you’re a baby boomer, the percentages say it could happen to you.”
Tom is a baby boomer too and wants to help his peers.
He created My Reverse Mortgage, Inc. for the sole purpose of helping his baby boomer buddies survive their retirement with dollars in their pockets.
Why not see if he can help you too.
What is a reverse mortgage?
A reverse mortgage is an incredible loan device that has the ability to dig seniors and retirees out of very tight financial squeezes.
It is designed for people at least 62 years of age who have equity in their properties but not enough money in the bank to live on.
A reverse mortgage allows you to access that equity and convert it back into cash.
It provides a brand new income stream that allows you to continue to live in your family home without facing the unsavory thought of being forced to sell it and downsize just to see out your retirement.
The extra income allows you not only to pay for day to day expenses but potentially to splash out a little, like you’d always hoped and dreamed.
That might include a family vacation, updates to your home, simply the ability to enjoy some of the finer things in life without counting every penny.
Funds can be made available in a number of different ways including a line of credit, monthly installments, a lump sum or even 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 put their financial struggles to bed and give their standard of living a timely shot in the arm.
Home values have seen a nice increase of 5.2%, and prices are at an average of $1,152,864* (https://www.zillow.com/home-values/11677/granite-bay-ca/).
There are 2,722 people in and around Granite Bay who already enjoy the benefits of a reverse mortgage with 113 of them joining the party in the last 12 months*.
About Granite Bay, California
Granite Bay, California, is a picturesque and affluent community located in Placer County, along the shores of Folsom Lake. Known for its upscale neighborhoods, scenic beauty, and family-friendly atmosphere, Granite Bay offers residents a high quality of life in a serene and idyllic setting. With a population of approximately 22,000 residents, Granite Bay combines the tranquility of suburban living with easy access to urban amenities.
Granite Bay's history dates back to the Gold Rush era when it was primarily a mining and agricultural area. Over the years, it has evolved into a sought-after residential community known for its beautiful homes, spacious properties, and excellent schools. The area's rich history is reflected in its charming neighborhoods and well-preserved natural landscapes.
One of Granite Bay's standout features is its stunning natural surroundings and outdoor recreational opportunities. The community is adjacent to Folsom Lake, a popular destination for boating, fishing, hiking, and picnicking. The Granite Bay State Recreation Area offers residents and visitors access to miles of scenic trails, beaches, and picnic areas. Additionally, the nearby Miners Ravine Trail provides a beautiful setting for walking, running, and biking amidst the area's rolling hills and oak woodlands.
Granite Bay's sense of community is evident in its numerous local events and gatherings. The community hosts a variety of events throughout the year, including the Granite Bay Golf Club's annual charity events, local farmers' markets, and holiday celebrations. These events bring residents together and foster a strong sense of community spirit and camaraderie.
Education is a top priority in Granite Bay, with the highly regarded Eureka Union School District and Roseville Joint Union High School District serving the community's K-12 students. Granite Bay High School is known for its academic excellence and comprehensive extracurricular programs. The community is also home to several private schools, providing families with a range of educational options.
As a reverse mortgage loan officer in Granite Bay, I am proud to serve the residents of this vibrant and welcoming community. Whether you're considering a reverse mortgage to access your home's equity or exploring financial options, I am here to provide expert guidance tailored to the unique opportunities and challenges of living in Granite Bay. Granite Bay embodies the best of California living, where natural beauty, upscale amenities, and community spirit come together to create a truly special place to call home.
Contact your Granite Bay reverse mortgage lender today.
Tom and his My Reverse Mortgage team are looking forward to speaking to anyone who thinks a reverse mortgage might assist them.
Please call Tom at (916) 378-7443 and he will be pleased to offer you a no obligation assessment of your position.
*As of July 2024
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