Get the best reverse mortgage deals in Santa Barbara, California.
Craig P. Greene and C2 Financial Corporation are the experts in Santa Barbara if you’re interested in a reverse mortgage, from Gaviota to Carpinteria or anywhere along the gorgeous coastline at the foot of the Santa Ynez Mountains.
Craig has been helping people with their mortgages since 1989 and has funded more than an eye-watering $1 billion in loans.
As a fifth-generation native of Santa Barbara, born and raised in Montecito, he is well aware of the unique needs of seniors in his community.
Having witnessed several cycles in the lending environment, Craig is skilled in placing loans best suited to meet the long-term financial goals of his clients.
He is an expert in tax analysis and working as a mortgage broker rather than an employee of just one lender allows him to shop around for the reverse mortgage that best fits his clients’ needs.
“In these times of high inflation, a fixed income may not be enough to live on comfortably,” Craig said.
“One thing I’ve learned is that the wealth in one’s home can be tapped in many ways."
Let Craig show you how.
What is a reverse mortgage?
A reverse mortgage is a real hero of the loan market because it can make such an enormous difference to the lives of seniors who are struggling for cash flow.
It is absolutely ideal for retirees who own their own home but are watching their savings quickly evaporate.
It can be the perfect solution for people 62 years and older with significant equity trapped in their home.
A reverse mortgage allows homeowners to release that equity and convert it back into money in their own bank accounts.
This in turn can help dispel fears of having to sell their property to see out their retirement.
Approved applicants can breathe more easily in the knowledge they can continue to enjoy their family homes and even start planning to live a more comfortable lifestyle.
Homeowners can be paid in a range of different ways including a lump sum payment, monthly installments or a line of credit – even a combination of all three.
One of the best aspects of this loan is that as long as the terms are met, there is no need to repay it until either the homeowner sells the residence or the last surviving borrower passes away.
Everyone knows the cost of housing has gone through the roof.
Santa Barbara homeowners are some of the biggest winners in the country with a 32.1 percent jump over the last 12 months taking average prices to $1,803,138 (https://www.zillow.com/santa-barbara-ca/home-values/).
That’s potentially a lot of equity!
Already there are 406 people in the Santa Barbara area with a reverse mortgage with 43 of them buying one in the last 12 months.
About Santa Barbara, California
In 1602, Spanish explorer Sebastián Vizcaíno named the channel and one of its islands Santa Barbara after the patron saint of mariners.
While there is evidence of humans living in the area as far back as 13,000 years ago, the first Europeans did not settle there until 1782, constructing the local Presidio.
The strong Spanish influence is reflected in the names of many Santa Barbara streets.
The city fell under Mexican rule in 1821 before being secured by the United States in 1848, triggering steady population growth.
The first three decades of the 20th century saw the most expansion with the city’s appeal as a tourist destination and health resort already well established.
Santa Barbara has recovered from destructive earthquakes and several wildfires to maintain its reputation as the “American Riviera”.
Four universities serve the city of around 90,000 people while visitors plow a billion dollars into the local economy every year.
The annual Fiesta, formerly known as “Spanish Old Days”, is celebrated every August.
Contact your Santa Barbara reverse mortgage lender today.
Craig and his team at C2 are on hand to field all of your inquiries about reverse mortgages.
Please call him at 805-301-9989 and he will be happy to set up a no obligations assessment of your situation.