Shop for the best reverse mortgage deals in Eureka, California.
Meet Diana Fraga
Diana Fraga
Reverse Mortgage Specialist
NMLS #235199
(707) 442-3300
Get the best reverse mortgage deals in Eureka, California.
Diana Fraga is one of the most accomplished professionals you can talk with in Eureka if you want to learn more about reverse mortgages and how they can change your life – from Arcata to Fortuna and throughout Humboldt County.
Diana began her real estate career in Humboldt, CA in 1984 handling titles, escrows and the like.
After gaining invaluable experience, she and fellow local business partner Kathy Hall established Key Mortgage Group in 2005.
It was a mortgage company that combined their respective strengths, offering a wide range of loans including Federal Housing Administration (FHA), Veteran Affairs (VA), USDA, reverse mortgages and forward or traditional mortgages.
Retirement and financial security guidance for seniors has always been at the forefront of Diana’s mind.
She noticed a gap in the market with the need to provide personal, quality guidance for retirees to better explain the virtues and benefits of reverse mortgages which have often been badly misrepresented.
That’s when Diana joined forces with John Moore’s Senior Finance Company to humbly serve local California retirees and their families.
Established in 2013 and backed by more than 37 years of experience, Senior Finance Group remains an independent, woman-led local mortgage business.
Its focus is to educate seniors and help them build and secure a sustainable retirement that brings them the peace of mind they deserve.
Your retirement matters to Diana.
She will listen closely to your story and offer you a financial solution that maximizes the power of your assets.
What is a reverse mortgage?
A reverse mortgage is a very special loan product that can transform the financial fortunes of retirees in a heartbeat.
It is ideally suited to seniors who have equity in their property but are watching rising inflation chipping away at their nest egg much faster than they had anticipated.
This powerful mortgage converts that equity into a brand new income stream, freeing up vital cash for all sorts of purposes, helping to make life that much more liveable.
As long as you are 62 years of age, you can apply for this potentially life-changing reverse mortgage which will help keep you in your family home.
Any thoughts about having to sell up to see out your retirement can be forgotten.
You can start planning that vacation, home renovation or simply splash out on weekends like you had always hoped – the choice is yours.
Funds can be transferred to you in several 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 canniest ways homeowners can put their financial struggles behind them and get the absolute most out of their retirement.
House prices have risen significantly in recent times.
The value of properties in Eureka have enjoyed incredible sustained growth.
In the three and a half years to July 2022, average house prices rose by 35.9% to $407,916 (https://www.zillow.com/home-values/45191/eureka-ca/).
And while there has been a slight correction of 1.3%*, the market remains strong.
There are 347 people in and around Eureka who have purchased a reverse mortgage with 21 buying one in the last 12 months*.
Should you join them?
About Eureka, California
Eureka is a Greek exclamation meaning “I have found it”.
What was found was gold when the California Gold Rush brought people to the Humboldt Bay area in the mid-19th century.
The city was named and founded in 1850.
But with the flukey nature of gold prospecting quickly realized, the lumber industry had become Eureka’s primary industry by 1854.
It soon became known as the “timber capital of California” and its location between San Francisco and Portland made it a key transport hub within the state, whether by sea, road or rail.
Salmon and oysters dominate a prolific fishing industry which remains important today.
Eureka is also a lively cultural hub with a cavalcade of festivals including the Rhododendron Festival in April and the Chicken Wingfest and Excalibur MedievalvTournament in September.
The state of California uses the motto “Eureka”.
The city remains the only location in the US to use the same seal as the state in which it presides.
The famous Redwood Highway offers a spectacular drive in and out of Eureka.
Contact your Eureka reverse mortgage lender today.
Diana is on hand to take your call if you are interested to know more about how a reverse mortgage can help you.
For a no obligation assessment of your position, please call her on (707) 442-3300.
*As of June 2023
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