Equity Conversion Loans Near You - Roseville Equity Conversion Loan Lender
Meet Tom Caruthers
Tom Caruthers
Equity Conversion Loan Specialist
NMLS #2245401 | CA DRE #00812904
(916) 378-7443
Find the best equity conversion loan deals in Roseville, California.
Tom Caruthers is your loan officer of choice in Roseville when you need expert advice on anything to do with equity conversion loans – from Loomis to Roseville and throughout Placer County.
Tom is a veteran of the real estate and loan industries, having first dipped his toes into the business as a commercial real estate agent in 1978.
That’s why he’s often asked why, at his age and with all his experience, he’s selling equity conversion loans.
It’s a question he loves to answer.
“Because, according to insurance giant Northwestern Mutual Life, ‘One in three baby boomers have somewhere between $0 - $25,000 in retirement savings’,” Tom says.
“Even worse, nearly half (46%) of adults in America have taken no steps to prepare for the likelihood they could outlive their savings.
“The situation is dire and it’s happening all around us – to family, friends and people we know.
“If you’re a baby boomer, the percentages say it could happen to you.”
Tom is a baby boomer too and wants to help his peers.
He created Thomas Caruthers, Inc. for the sole purpose of helping his baby boomer buddies survive their retirement with dollars in their pockets.
Why not see if he can help you too.
What is an equity conversion loan?
An equity conversion loan is an incredible loan device that has the ability to dig seniors and retirees out of very tight financial squeezes.
It is designed for people at least 62 years of age who have equity in their properties but not enough money in the bank to live on.
An equity conversion loan allows you to access that equity and convert it back into cash.
It provides a brand new income stream that allows you to continue to live in your family home without facing the unsavory thought of being forced to sell it and downsize just to see out your retirement.
The extra income allows you not only to pay for day to day expenses but potentially to splash out a little, like you’d always hoped and dreamed.
That might include a family vacation, updates to your home, simply the ability to enjoy some of the finer things in life without counting every penny.
Funds can be made available in a number of different ways including a line of credit, monthly installments, a lump sum or even a combination of all three.
As long as the terms of the loan are met, it does not require repayment until either the homeowner sells or the last surviving borrower passes away.
It’s one of the shrewdest ways homeowners can put their financial struggles to bed and give their standard of living a timely shot in the arm.
Home values are at a slight decrease of 1.4%, and prices are at an average of $619,166* (https://www.zillow.com/home-values/13594/roseville-ca/).
There are 3,824 people in and around Roseville who already enjoy the benefits of an equity conversion loan with 182 of them joining the party in the last 12 months*.
About Roseville, California
Roseville, California, is a charming and thriving city located in Placer County, just northeast of Sacramento. Known for its strong sense of community, excellent schools, and abundance of recreational opportunities, Roseville offers residents a high quality of life in a beautiful Northern California setting. With a population of over 140,000 residents, Roseville is one of the fastest-growing cities in the region.
Roseville's history dates back to the mid-19th century when it was established as a railroad town during the California Gold Rush. The city's name is attributed to the abundance of wild roses that once grew in the area. Today, Roseville embraces its rich heritage while embracing modern development and growth.
One of Roseville's standout features is its commitment to green spaces and outdoor recreation. The city boasts over 70 parks, including the expansive Maidu Regional Park, which offers playgrounds, sports fields, and walking trails. The nearby Folsom Lake State Recreation Area provides opportunities for boating, fishing, hiking, and picnicking.
Roseville's thriving downtown area is a hub of activity, with charming shops, restaurants, and cafes lining the streets. The Vernon Street Town Square hosts community events and festivals throughout the year, including concerts, farmers' markets, and holiday celebrations, fostering a strong sense of community.
The city's commitment to education is evident in its excellent schools, including the highly regarded Roseville City School District and Roseville Joint Union High School District. Sierra College, a community college serving Placer County, provides higher education opportunities for residents.
As an equity conversion loan officer in Roseville, I am proud to serve the residents of this vibrant and family-friendly city. Whether you're considering an equity conversion loan to access your home's equity or exploring financial options, I am here to provide expert guidance tailored to the unique opportunities and challenges of living in Roseville. Roseville embodies the best of Northern California living, where history, community, and natural beauty come together to create a welcoming and thriving city.
Contact your Roseville equity conversion loan lender today.
Tom and his team are looking forward to speaking to anyone who thinks an equity conversion loan might assist them.
Please call Tom at (916) 378-7443 and he will be pleased to offer you a no obligation assessment of your position.
*As of February 2024
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