Shop for the best reverse mortgage deals in San Francisco, California.
Meet Mary Jo Lafaye
Mary Jo Lafaye
Home Equity Retirement Specialist
Find the best reverse mortgage deals in San Francisco, California.
Mary Jo Lafaye and her team at Mutual of Omaha Mortgage are excited about the chance to bring you everything you need to know about reverse mortgages throughout San Francisco and the bay area.
Mary Jo Lafaye is a licensed Home Equity Retirement Specialist. Mary Jo has accumulated 17 years as an expert in her field, including five years with Wells Fargo Home Mortgage, before becoming a Branch Manager at Security One Lending in 2008.
During this time she earned numerous awards, including Wells Fargo Leader’s Club Member with the highest customer service scores. She was chosen to train Private Bankers and Wealth Management Advisors on the most effective ways to employ this repayment-deferred, non-recourse line of credit as a retirement planning and cash-flow management tool to help older Americans live their best life in retirement.
Mary Jo is well-known as a trusted resource for retirees – she has taught Reverse Mortgage (HECM) and HomeSafe concepts to real estate finance students at the College of San Mateo and to those seeking their SRES designation. She has participated in panel discussions and delivered hundreds of seminars and talks to groups ranging from the Retired Firemen’s Association, Kaiser Permanente, Rotary Club, CPA Discussion Groups, CalCPA, SILVAR, SAMCAR, Financial Planning Association (FPA), MAR, NorBAR, NAPFA, PFAC, Marin County Bar Association (MCBA) and many more. She has also co-authored several academic articles and has been interviewed and published by Barron’s Magazine.
Mary Jo enjoys educating and working with mature homeowners, their families, and their trusted advisors to secure long-term sustainable retirement solutions. She has also been certified to offer complimentary one and two-hour Continuing Education (CE) classes for CFPs, CPAs, Realtors, and MCLE for Attorneys.
Originally from Houston, Texas, Mary Jo has made the West Coast her home for over 28 years. In her spare time, she enjoys cycling, hiking, yoga, cooking, and traveling with her family and friends.
She is also conversational in Spanish, having traveled extensively throughout Mexico.
She is passionate about ensuring total transparency throughout the process as well as providing excellent customer service.
What is a reverse mortgage?
A reverse mortgage is a groundbreaking loan that allows homeowners to access the equity within their own home.
It is available to anyone 62 years or older and gives them the opportunity to remain in their cherished abode when they may have faced the possibility of having to sell it.
Homeowners can be paid in many different ways including weekly or monthly payments or a line of credit, and all with the peace of mind of knowing they can remain in their home.
The real strength of a reverse mortgage is that while the terms of the loan are met, there is no need to repay the loan until either the homeowner sells the residence or the last surviving borrower passes away.
It means retirees can stop stressing about money and start living again.
Housing prices in San Francisco have seen a drop of almost 5 percent over the last 12 months with the average property now worth $1,438,754. (https://www.zillow.com/home-values/20330/san-francisco-ca/)
There are already 1,625 people in and around San Francisco taking advantage of reverse mortgages. In the last 12 months, 99 more have taken up the opportunity this amazing loan presents.
About San Francisco, California
The iconic and storied city of San Francisco sits at the northern tip of the eponymous peninsula which bears the same name. Considered the cultural and financial capital of Northern California, San Francisco is home to 881,549 residents as of 2019. It is the fifth-most populous city in the United States, only behind the four boroughs of New York City.
The city was settled in 1776 by Spanish colonists and is named after Saint Francis of Assisi. San Francisco is perhaps best known as the embarkation point for prospectors and speculators during the California Gold Rush of 1849. Twenty-five percent of California’s population lived in the city between 1870-1900. Perhaps the most famous disaster in American history struck in 1906 with the San Francisco Earthquake which destroyed three-quarters of the city as a result of the quake and widespread fire.
While certainly a densely populated urban center, San Francisco features some of the most beautiful landmarks and natural attractions in the U.S.
Points of interest include the Golden Gate Bridge, Alcatraz Federal Penitentiary, Golden Gate Park, Chinatown, Cable Cars, and Fisherman’s Wharf. Other well known landmarks include Coit Tower, the Palace of Fine Arts, and the Transamerica Tower.
The city is home to Gap, Levis Strauss & Co., Wells Fargo, and Salesforce.
Contact your San Francisco and Bay Area reverse mortgage lender today
If you have just the slightest inkling that a reverse mortgage may be right for you, call Mary Jo today on (415) 259-4979.
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