Oak Park Reverse Mortgage

If you’re over the age of 62 and have a good deal of equity in your Oak Park home, consider taking out a reverse mortgage in Oak Park. Doing so can help you meet your needs in retirement.

Home values have been increasing steadily in Oak Park recently and if you purchased your home a few years before 2008 you should have seen considerable appreciation.

Home values have skyrocketed in Oak Park between 2000 and 2013. Trulia.com reports that the median sales price for all types of properties was $292,000 in 2000 and was $730,000 in 2013. Home prices started to build quickly after 2000, so if you purchased your home before the Millennium, you could well be sitting on some serious equity, equity that could make your retirement years very comfortable with an Oak Park reverse mortgage.

We probably don’t have to tell you what a great community Oak Park is – it will be a lovely place to live in retirement. Formed in ranchland that once was owned by the start of the popular 1930’s and ‘40s radio show Fibber Magee and Molly, Oak Park saw home development start in a big way home in the late 1960s.

As a resident of Ventura County, you have access to the beaches of Ventura and Camarillo a (relatively) short drive away, as well as good access to the entertainment and sports venues of Los Angeles.

But you never really need to leave Oak Park to have a good time. Located at the base of Simi Peak, Oak Park provides you and your neighbors access to nature. Head east to the Santa Monica Mountains National Recreation Area, or go south for walks in the Santa Monica Mountains.

If you’ve been wondering how a reverse mortage on your Oak Park home can help you in retirement, contact the reverse mortgage experts at Team O’Connor. We have more than 25 years’ experience with these mortgages and we’ll explain everything to you until you understand the process and what to expect about as well as we do!

Contact Michael O’Connor at Michael@teamoconnor.com or in his office at 805-409-0554.