Reverse Mortgages Near You - Berkeley Reverse Mortgage Lender
Meet Lanny Clark
Lanny Clark
Reverse Mortgage Specialist
NMLS #242792
(510) 621-5917
Get the best reverse mortgage deals in Berkeley, California.
Lanny Clark works with C2 Financial Corporation-a California-based mortgage lender. Today over 100 of C2’s originators are ‘C2 Reverse Mortgage Certified’ to ensure the highest level of professionalism and integrity for borrowers who are seeking to learn more about either proprietary (private) or federally insured reverse mortgages.
C2 was recognized in 2018 Mortgage Executive Magazine as the 'Top Mortgage Broker in the Country' and as one of the '50 Best Companies to Work For' in addition to being featured in the National Mortgage Professional Magazine, and has published several articles in the Scotsman Guide, a key industry publication.
Our team of originators has a team of experienced professionals who are familiar with the specific needs of homeowners in San Leandro, Danville, Lafayette, Walnut Creek, Hayward, and Castro Valley. We can walk you through the questions you’re certain to have and the process should you decide to utilize your home’s value to create more cash flow in retirement.
What is a reverse mortgage?
A reverse mortgage is a star-studded loan that has been changing lives for the better and it might be the ideal vehicle to change yours too!
It is perfect for seniors who have equity in their properties but are struggling for liquidity.
It’s a problem many people are facing as the rising cost of living bites hard.
But as long as you are at least 62 years of age, there is a card you can play.
A reverse mortgage will allow you to tap into the equity in your property and convert it into cold, hard cash.
That money acts as a supplementary income stream and allows you to remain in your family home, rather than be forced down the unpleasant path of having to sell it and downsize to see out your retirement.
The extra income you’ll enjoy can have a massive impact on your lifestyle – think vacations, home improvements, fancy dinners, it’s all there for the taking.
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 canniest ways homeowners can put their financial struggles behind them and boost their standard of living.
Housing prices have decreased slightly by 6.2% over the last 12 months, bringing average prices up to $1,399,906 (https://www.zillow.com/home-values/16992/berkeley-ca/).
There are 2,957 people in and around Berkely who have purchased a reverse mortgage with 165 of them signing up in the last 12 months alone*.
About Berkely, California
Berkeley, California, is a vibrant and culturally rich city located in the San Francisco Bay Area. Known for its progressive ideals, intellectual vibrancy, and stunning natural surroundings, Berkeley is a unique and welcoming place to call home. With a diverse population of over 120,000 residents, it's a city that embraces diversity and celebrates its distinctive character.
Berkeley's history is marked by its role as a center of progressive thought and activism. The city played a pivotal role in the Free Speech Movement of the 1960s and has a long history of fostering social and political change. The University of California, Berkeley, a prestigious institution known for its academic excellence and research contributions, is a cornerstone of the city's identity.
One of Berkeley's standout features is its commitment to arts and culture. The Berkeley Art Museum and Pacific Film Archive houses an extensive collection of artworks and hosts exhibitions, film screenings, and educational programs. The city's vibrant music scene is celebrated through various venues, from historic theaters like the Greek Theatre to intimate local spaces.
Berkeley's natural surroundings offer numerous opportunities for outdoor enthusiasts. Tilden Regional Park is a popular destination for hiking, picnicking, and visits to the Little Farm. The nearby Berkeley Marina provides access to water sports, sailing, and breathtaking views of the San Francisco Bay.
The city's commitment to community is evident through its diverse neighborhoods, each with its own character and charm. Berkeley hosts a variety of local events, including the Berkeley Kite Festival and the Solano Stroll, which bring residents and visitors together for fun and festivities.
Berkeley places a high value on education, with the Berkeley Unified School District serving the city and the prestigious University of California, Berkeley, contributing to its academic reputation.
As a reverse mortgage loan officer in Berkeley, I am honored to serve the residents of this diverse, intellectually rich, and community-oriented city. 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 Berkeley. Berkeley embodies the best of Northern California living, where progressive thought, culture, and community thrive in a beautiful Bay Area setting.
Contact your Berkeley reverse mortgage lender today.
Lanny and his C2 Financial Reverse Mortgage team are standing by to answer all of your questions when it comes to how to best utilize this fantastic product.
Please call Lanny on (510) 621-5917 and he will be happy to offer you a no obligation assessment of your position.
*As of November 2023
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