Reverse Mortgages Near You - Lake Havasu City Reverse Mortgage Lender
Meet Ernie Severson
Ernie Severson
Reverse Mortgage Specialist
NMLS #2162789
(928) 543-5705
Find the best reverse mortgage deals in Lake Havasu City, Arizona.
Ernie Severson and Summerlin Financial Inc are one of the A teams of Lake Havasu City if you’re looking for top shelf advice on reverse mortgages – from Needles to Parker and throughout western Arizona.
Ernie is a reverse mortgage specialist excited to help seniors find retirement solutions by utilizing their home equity to help provide stability in their retirement years.
Ernie is a retired police sergeant who spent more than 27 years in law enforcement.
In that time, he came to appreciate leadership and integrity as essential qualities in his career.
He now brings those same attributes to the mortgage industry where you know you can count on him to do what's right by you and your family.
Ernie is an Arizona native and has lived in Mohave County for nearly 30 years.
He is married to his lovely wife Naomi and enjoys spending time with his three children.
What is a reverse mortgage?
A reverse mortgage is a real gem of a loan product because of its ability to transform the financial fortunes of seniors who find themselves under financial stress.
No-one likes the thought of being forced out of their home and having to downscale to see out their retirement.
For seniors at least 62 years of age who have equity in their home, a reverse mortgage solves that problem.
It does that by converting your home equity back into cash in the form of a life-changing income stream!
Instead of worrying about having to sell up, retirees can start thinking about how to enjoy their sunset years like they had always planned.
Funds can be made available in many different ways including a line of credit, monthly installments, a lump sum or 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 smartest ways homeowners can enjoy their retirement with the level of financial security they had always hoped for.
House prices have risen significantly over the last couple of years.
And while that momentum has recently cooled, Lake Havasu City has still enjoyed a 4.5 percent jump in the 12 months taking average returns to $448,129* (https://www.zillow.com/home-values/46105/lake-havasu-city-az/).
Already, 758 residents in and around Lake Havasu City have purchased a reverse mortgage with 183 taking up the option in the last year*.
About Lake Havasu City, Arizona
A US Air Force rest camp known as “Site Six” during World War II, Lake Havasu was named after the Mojave word meaning blue.
The man-made lake was originally named after Robert P. McCulloch, the property mogul who began developing the area as a retirement community in 1958.
McCulloch also purchased the famous London Bridge from the City of London for US$2.5 in 1968 when it was decommissioned for not being strong enough to carry the load of traffic required.
The bridge was reconstructed in Lake Havasu City and opened in 1971, now complete with an adjacent English village, becoming one of the city’s most iconic yet unusual tourist attractions.
The city also remains a popular destination for spring breakers, experiencing average temperatures in excess of 100°F from June-September.
The climate also makes it popular for boating, fishing, skiing and wakeboarding - Lake Havasu is rated one of the country’s top 100 spots for bass.
While its position surrounded by mountains and deserts also makes it an attractive destination for hiking and biking.
Visitors can learn about Native American and steamboat history at the Lake Havasu Museum of History.
Contact your Lake Havasu City reverse mortgage lender today.
Ernie and his Summerlin Financial team are expecting your call if you have even the slightest interest in a reverse mortgage.
Call him today at (928) 543-5705 and he’ll explain how one can help you. What have you got to lose?
*As of March 2023
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