Newbury Park Reverse Mortgage

For those Newbury Park homeowners older than 62, a reverse mortgage can be a great way to ensure a comfortable retirement lifestyle.

Movoto.com reports that the median list price for a home in the Newbury Park section of Thousand Oaks was $654,000 in September 2013, up from $525,000 the year before, a 25 percent increase!

What’s more, if you purchased your home before 1995, you’ve more than likely seen a big increase in your home’s valuation, as home values soared more than 250 percent between 1995 and 2005. While the housing crash in the late 2000s deflated Newbury Park housing valuations considerably, if you purchased your home 15 or 20 years ago, you more than likely have considerable equity in your home, making you a good candidate to receive the benefits a reverse mortgage can give you.

Located in the western portion of Thousand Oaks, Newbury Park is right next to the Santa Monica Mountains National Recreation Area, making it a great place for outdoor lovers to live.

In addition, Newbury Park is within an hour or two’s drive from both the Pacific Ocean (to the west) and Los Angeles to the east, making this community of a bit more than 42,000 residents a great place to live.

Money Magazineranked Newbury Park as one of the best 100 places to live in 2005. It possibly could also be labeled as one of the best places in the country to retire.

Oh, but you already live here! A reverse mortgage on your Newbury Park home can help you enjoy an extremely comfortable retirement and if you’ve ever wondered what it might entail – and how much money you might receive – don’t hesitate to give reverse mortgage expert Michael O’Connor a call.

Michael has more than 25 years of experience helping Newbury Park residents take out a reverse mortgage. He and his team understand that reverse mortgages can be confusing and they’ll make sure they answer all your questions and concerns and will help make the process as smooth and quick as possible.

E-mail Michael at Michael@teamoconnor.com or give him a call at his office at 805-409-0554.