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Moorpark Reverse Mortgage

Moorpark homeowners older than 62 and looking for a way to make their retirement years a bit more “golden,” should look into a reverse mortgage: if you’ve owned your home since at least 2000 or before, your home has likely appreciated considerably in value (even taking the housing downturn of recent years into consideration), making the monies you could receive on your home in a reverse mortgage very attractive. reports that the median sales price of a Moorpark home at the beginning of 2000 was about $220,000. As of September 2013, the median price was about $580,000. Even with the downturn, that’s a pretty good return on investment.

You’re even better off if you bought your home in 2001, 2000 or even earlier, because the big run up in housing prices started to take place about then and so an earlier purchase would see even more appreciation.

Why is your current Moorpark home such a great retirement “destination?” Let us just count the ways Moorpark is a great place to live in retirement:

  • Although Moorpark didn’t incorporate until 1983, its gracious, Pepper tree-lined streets have been welcoming residents since the late 1880s.

  • While Moorpark is about 50 miles northwest of Los Angeles and is a part of the suburban sprawl of the San Fernando and Simi valleys, Moorpark is considered to be one of the safest cities of its size in the country.

  • The Pacific Ocean is just a (relatively) quick drive south down the 23 and then west on Hwy. 101. Moorpark is also surrounded by natural beauty, with walking and hiking trails easily accessible.

  • A small (but not too small) population of about 34,000 people (according to the 2010 U.S. Census).

If you’d like more information on a reverse mortgage for your Moorpark home, contact reverse mortgage expert Michael O’Connor. With more than 25 years of experience helping Moorpark homeowners with a reverse mortgage, Michael and his team can answer any and all of your questions and concerns.

E-mail Michael at or call him at 805-409-0554.

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