Secure the best reverse mortgage deals in Westwood, California
Meet Owen Coyle
I’m Owen Coyle, an 87 year young “Seasoned Citizen” living in Escondido California. As of April 1, 2023 I’ll be starting my 23rd year as a Reverse Mortgage Specialist. I have no desire to retire, so as long as my health remains good, I’m planning on helping senior homeowners obtain Reverse Mortgages at least until I’m 90, and hopefully a few years beyond. I absolutely have a passion for working with senior homeowners, improving their “Quality of Life” and giving them “Peace of Mind” by setting up Reverse Mortgages for them.
Reverse Mortgage Specialist
Westwood Reverse Mortgage Lenders
Reverse Mortgage West focuses on meeting the needs of homeowners’ retirement and lifestyle needs. One way we can help accomplish that mission is with a reverse mortgage. Our streamlined operations and unparalleled staff support help make the process of getting your reverse mortgage a smooth transition. Our staff brings a combined 40 years of experience in reverse mortgage lending. We serve the neighborhood of Westwood in Rancho Bernardo.
How many of your neighbors have done a reverse mortgage? Here are some interesting facts about reverse mortgages and the housing market in or near the neighborhood of Westwood in San Diego County.
Westwood Reverse Mortgage Facts
There are already 76 people in or within 10 miles of Westwood who have a reverse mortgage today. In just the last 12 months 4 homeowners got a federally-insured reverse mortgage loan.
In 2021, the median home value in Westwood is $1,487,877. The current maximum lending limit for FHA-insured reverse mortgages in 2022 is $1,149,825 which means nearly all homes in the greater Rancho Bernardo* area would see most if not all of their full home value considered in the calculation of the potential maximum reverse mortgage loan benefit. Homes above $1,149,825 may choose to apply for a private jumbo reverse mortgage for higher-valued properties.
Reverse mortgages calculate the maximum available loan benefit (before fees, costs, and lien payoffs) for qualified borrowers based on the home’s appraised value, the age of the youngest borrower or named non-borrowing spouse, and the current/starting effective interest rate.
About Westwood, California
Westwood is a neighborhood that is part of the planned community of Rancho Bernardo. It is situated north of Torrey Highlands and the west side of Interstate 15. In 1943 George R. Daley purchased 6,000 acres which he named Daley Ranch. Located near the picturesque Lake Hodges which provides water to the city of San Diego. For decades the Daley Ranch grew oat hay and barley raising horses and mules, and later cattle.
In 1961 the Daley brothers, Lawrence and Donald partnered with developers Harry Summers and W.R. “Fritz” Hawn to create Rancho Bernardo Inc to develop 5,400 acres into a master-planned community. One year later, Rancho Bernardo was incorporated into the City of San Diego. The community of Westwood opened in 1968 with Rancho Bernardo’s first school Westwood Elementary opening in 1971.
Owen Coyle and his team at Reverse Mortgage West are ready to answer any questions or concerns you may have about a reverse mortgage. It's important to get the facts first, discuss your unique goals and needs, and see how much you may be able to qualify for with a reverse mortgage.
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