Lorraine Jones

Reverse Mortgage Consultant Option Funding Inc. NMLS ID # 163400 NMLS ID # 229025 BRE # 00880390
I have been a licensed Real Estate Sales person and Loan Officer for over 30 years and have been specializing in reverse loans for the last 16. I found the program to be very compelling and important to determining the quality of life for a senior and for retirement planning.

I'm involved in a number of organizations that represent seniors and also focus groups within the local communities of Los Angeles and Ventura Counties, CA.

By meeting other professionals in different fields that offer services to the senior community, I feel more informed. And having these contacts, helps me to direct my clients and their families to services that they might need and not know how to locate.

Estate Planning and Elder Law attorneys utilize my knowledge and experience for their older clients or the adult children and their senior parents to maximize retirement funds by using money from a Reverse loan for care giving or unplanned medical expenses.

And I also coordinate financial concerns and retirement planning with Financial Advisors by providing them with examples of how they can extend the longevity of a retirement fund beyond the traditional method and or timeline of a retirement plan for their clients.

Banks and Credit Unions do not offer Reverse loans and I have partnered with some of them as a trusted resource for information for their clients/members when they are asking about a Reverse loan.

Lastly, I also assist Realtors with their senior clients who may wish to sell their current residence and down size into one that is smaller; by using a Purchase Money Reverse loan in lieu of traditional financing.

I have been a guest speaker for APS in Ventura County, CA, a public radio station in Ventura (KVTA), a past Board Member of the Ventura County Adult Abuse Prevention Council & a guest speaker for the L.A. Caregivers Assoc. and various civic organizations.

I meet all my clients in their homes, throughout Central and Southern California for free consultations.
Dec 3, 2018

Jumbo Reverse Loan Options

If a senior lives in California their home value might be higher than the rest of the nation and that means they have more equity.
Nov 1, 2018

Professional Caregiving Fees

How can anyone afford the very expensive costs of caregiving if a family doesn't have the funds to pay for this service?
Oct 19, 2018
Real Estate Files - California & Texas
Lorraine was extraordinary through an 'extraordinary' loan process. She was patient, diligent, professional and kind. I think there is often a backstory with RMs and we had one for sure. I can't say enough about how Lorraine helped us through a difficult time as a large family. As a real estate professional of over 30 years, I recommend Lorraine without hesitation. She is the best!
Sep 17, 2018

Buying a Home

Many seniors are thinking of purchasing a home using a Reverse mortgage.
Sep 10, 2018
My husband died unexpectedly, leaving me with only his Social Security and a small pension to live on and it was very difficult for me to manage the on going expenses of my home, but I didn't want to sell it.

I was referred to Lorraine by a mutual friend and she patiently and thoroughly explained how a reverse loan could possibly benefit me and help me to remain in my home, while giving me extra funds for financial security.

I went forward with the loan and I have no regrets about doing it and I'm so happy to feel secure once again.
Jul 13, 2018

Chris Thompson

Chris is the fabulous, one of a kind banker and VP at City National Bank in Oxnard. 805-981-2737
Jun 29, 2018
Lorraine has been in the lending business for many years and I have known her for many years. She knows her business and can answer the questions clients have about mortgages. She does her homework and goes to appointments prepared. Lorraine follows her loans and solves problems if the need arises. She is the ultimate professional. I definitely recommend her!
Jun 29, 2018
I have had the pleasure of knowing Lorraine for over 15 years. I find her to be knowledgeable, professional, compassionate, passionate about what she does, helpful and altogether a very credible and reliable source and resource for Reverse Mortgages.

As a Geriatric Care Manager, I deal with seniors and families in crisis all the time. I will always feel confident to refer them, with no reservations, to Lorraine if they need assistance with a Reverse Mortgage,
Jun 29, 2018

Second Acts

When we all were younger, many of us had dreams but over time we gave them up, but what if you could still fulfill them?
Jun 7, 2018

Jeffery Rollert and Myself.

Jeff 's company is ALM Advisors assisting single women with financial support and advice. 626-432-5600.
Jun 6, 2018
Several years ago my brother and I were financially helping our Mom out with her expenses for "live-in" caregivers and we were feeling the difficulty of keeping up with this expense every month.

I had known Lorraine Jones for several years, when she was a traditional Loan Officer and she helped me, plus my daughter with mortgage financing.

I knew I could count on her to help us out with our Mom and we ended up doing a reverse loan and had enough money to pay for her expenses and take the pressure off of us.

We were really grateful to have this an an option to help our Mom during a difficult time in all of our lives.
May 30, 2018

Who Dreams of a Vacation Home?

Wouldn't you love to have your own special place to spend summers in? This is how you can do it.
May 24, 2018
Many years ago you helped my Aunt Sylvia Kimmelman with a reverse loan as she was unable to keep up with her monthly payments and had used up her credit cards.

This loan made a very positive difference in her life and she felt very relieved that her financial problems were solved and as you know, she has since passed away.

Thank you so much for your help and professionalism.
May 21, 2018

Caregiving Costs Are Expensive

One of five people over age 55 will experience a situation where they will need help and the fee for care giving is very expensive.
May 17, 2018

Eric Shaw

Founder of New York Credit and All Cities Professional Group.
Apr 25, 2018

Bankruptcy and Reverse Loans

Good credit is as we all know, important to maintain, but what if you have had a bankruptcy? Can you still qualify for a reverse mortgage?
Apr 11, 2018

Why is a Reverse Loan Great?

The last several posts I created in my blog, I discussed the various loans a senior could use if they wanted some of their equity.
Mar 21, 2018
I met Lorraine through a friend who she had set up a reversed mortgage and they spoke highly of her. After meeting several times with Lorraine and liked the fact that she took the time to explain the reverse mortgage to me , I realized that this is right for me. That was because she explained it to me and helped me through the whole process. She made it comfortable and easy to work with her and was always available for any questions or concerns. I am very pleased with the whole process and final result. I’m very relieved with the result and that is because of Lorraine. If you’re thinking about a reverse mortgage, call Lorraine.
Jim Shatz
Mar 12, 2018

Investments & Reverse Mortgages

Should money from a reverse loan be used to purchase an annuity?
Mar 8, 2018

Diane Sussman and myself

At a breakfast ; SCOPE for seniors. Diane is an "organizer"" helping seniors & their families.

Feb 28, 2018

"Gray or Silver" Divorce

Why are seniors divorcing and how can a reverse loan help?
Feb 23, 2018

Fees for a Reverse Loan

How much can a borrower expect to pay in fees to apply for a reverse mortgage?
Feb 19, 2018

What is MIP?

FHA insures and protects the Reverse loan borrower and their estate.
Feb 9, 2018

Keep Living in Your Home or Sell

Is selling one's home the best way to increase cash savings? Or do a reverse loan instead?
Feb 6, 2018
Retired..or do you mean Mr. ???
It took me quite some time to "dare" to take on a reverse mortgage, even though a friend of quite some considerable age had had one for years and swore by it. I was lucky to have had Lorraine Jones as the agent who put me at ease in finally making the decision...and for still being there to answer questions which occasionally come up. She's incredibly knowledgeable and helpful. Whenever a friend or acquaintance is considering converting to a reverse, I immediately give them Lorraine's contact information. So, obviously, I consider her highly recommendable.

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