Reverse Mortgages Near You - Lincoln 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 Lincoln, California.
Tom Caruthers and My Reverse Mortgage are your team of choice in Lincoln, CA 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 2.8%, and prices are at an average of $650,525* (https://www.zillow.com/home-values/29143/lincoln-ca/).
There are 2,115 people in and around Lincoln who already enjoy the benefits of a reverse mortgage with 80 of them joining the party in the last 12 months*.
About Lincoln, California
Lincoln, California, is a charming and rapidly growing city located in Placer County, just northeast of Sacramento. Known for its welcoming community, historic charm, and scenic surroundings, Lincoln offers residents a high quality of life with a blend of small-town atmosphere and modern amenities. With a population of approximately 50,000 residents, Lincoln is a close-knit community that values its heritage, natural beauty, and strong sense of community spirit.
Lincoln's history dates back to the mid-19th century when it was established as a railroad town during the California Gold Rush. The city's historic downtown area reflects its rich history, with well-preserved buildings, quaint shops, and local eateries that provide a glimpse into Lincoln's past. The Lincoln Area Archives Museum offers residents and visitors the opportunity to explore the city's history and heritage through a variety of exhibits and artifacts.
One of Lincoln's standout features is its abundant outdoor recreational opportunities. The city is surrounded by picturesque landscapes, including rolling hills, open fields, and nearby lakes. Residents can enjoy a variety of outdoor activities such as hiking, biking, and picnicking at the many parks and trails in and around Lincoln. The Auburn Ravine Park and the McBean Memorial Park are popular destinations for families and outdoor enthusiasts, offering amenities such as playgrounds, sports fields, and picnic areas.
Lincoln is also home to the beautiful Sun City Lincoln Hills, a premier active adult community designed for residents aged 55 and older. This master-planned community offers a range of amenities, including golf courses, fitness centers, swimming pools, and social clubs, providing an ideal setting for active and engaged retirement living.
Lincoln's sense of community is evident in its numerous local events and gatherings. The city hosts a variety of community events throughout the year, including the Lincoln Farmers' Market, the Fourth of July Celebration, and the annual Lincoln Showcase, which features local food, wine, and entertainment. These events bring residents together and foster a strong sense of community pride and connection.
Education is a top priority in Lincoln, with the Western Placer Unified School District serving the city's K-12 students. The district is known for its excellent schools and commitment to academic achievement. Additionally, Lincoln is home to several private schools and is in close proximity to higher education institutions such as Sierra College and William Jessup University, providing residents with a range of educational options.
As a reverse mortgage loan officer in Lincoln, 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 Lincoln. Lincoln embodies the best of small-town living, where history, natural beauty, and community spirit come together to create a truly special place to call home.
Contact your Lincoln 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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