Lorraine Jones

Reverse Mortgage Consultant Option Funding Inc. NMLS ID # 163400 NMLS ID # 229025 DRE # 00880390
I have been licensed with the CA Dept of Real Estate and Loan Officer for over 40 years and have been specializing in reverse loans for the last 23 years. I found the program to be very compelling and important to determine 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 adult children and their senior parents to maximize retirement funds by using money from a Reverse loan for caregiving 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 downsize 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 consultation
Aug 25, 2023
Lorraine was recommended to me by my CPA as a trusted professional and resource for reverse loans. I was a bit hesitant at first, but prior to my husband's passing away, we had an Adjustable-rate loan we could afford to make payments on.

I lost his social security upon his death and couldn't qualify for a new loan because of lack of income and I was frightened to see my interest rates and payments going up and how to make mortgage payments every month.

Lorraine was extraordinary in her knowledge and compassion and I ended up completing my reverse loan with her and now can afford to remain in my home and thank her for her kindness, to guide me through the process.
Mar 24, 2023
Our grandson married last year and they were hoping to buy their first home, but didn't have enough money saved for a down payment and couldn't compete with others wanting to buy a home, too.

They were very discouraged, but then their Realtor suggested to them, maybe a relative could provide them with Gift money for a down payment using a reverse loan.

Our home was paid for and we had plenty of equity in it so it made sense to do it. Lorraine Jones was referred to us by the Realtor and she was professional, guided us through a simple loan process and we were able to provide the funds for the down payment on a home for our grandson and his new wife.

Without hesitation, we would refer her to anyone we know who needs information about reverse loans, because of her knowledge, experience, and professionalism.
Dec 14, 2022
The past three years with the pandemic and now high inflation has been, hit us hard, as we were unable to continue to work and our income was drastically reduced. The value of our investments have plummeted and yet we still had to make mortgage payments and we were getting very worried about running out of money in the future. Lorraine provided several reverse loan options for our consideration, explained the fees and the process, and answered all our anxious questions. She was amazing, and we are very happy with our new reverse loan, plus the extra funds we received from our equity. Thank you Lorraine for your professionalism and help.
Nov 30, 2022
I never thought I would find myself taking care of my Mother who has dementia, but for the last year, I was doing it solely by myself because I didn't have enough income to pay for a professional caregiver.

Thankfully, I was introduced to Lorraine by a friend who wanted to help me, and I applied for a reverse loan on my Mother's property using her Power of Attorney, and it was a great decision.

I know can afford to pay for her care, and just be her daughter and spend time with my Mom.

Lorraine was a tremendous help, and a great listener and guided me through the loan process and assured me, everything would work out.

Anyone in a similar situation should use a reverse loan. Thank you Lorraine for your help.
Aug 10, 2022
We were referred to Lorraine Jones by our Realtor who was going to list our home for sale we had lived in it for many years and now was now too large for two people since our children grew into adults and moved out of the house.

Lorraine was so professional and skilled in helping us with financing our new home, using a reverse loan instead of a mortgage that would require us to make payments each month.

Thank you Lorraine for making the change so easy for us, and we love our new residence and will always refer you to anyone who asks us how we did it.

Jun 10, 2022
For the last year or so, we were trying to decide what would be the best way to increase our income and avoid taking too many withdrawals from our investments, because we had started to become very concerned about our finances, plus we had a mortgage payment, too.

We spoke with three different reverse loan professionals, but when we were introduced to Lorraine, we knew we had found the best person who understood our situation and did not try to force us into doing the loan.

We applied with her, and everything went so smoothly we are very satisfied and appreciative of having her help us in our decision, and recommend her for her expertise, patience, and professionalism
Apr 21, 2022
I have done two reverse loans with Lorraine and she is so patient and would take all my phone calls (even when it is late at night), to reassure me that my loan would be completed without any problems

I have owned my home in Sierra Madre for many years, and after retiring from teaching, quickly realized I could not support myself and take care of my home on my retirement income.

Lorraine was referred to me by my CPA, and I have referred to to at least two of my friends, because I know she is honest and ethical, and I have really enjoyed getting to know her as a new friend.
Apr 5, 2022
I have owned my home in Westwood for many years, and no longer had a mortgage payment, and I had a great deal of equity in my property.

I began thinking about how I could utilize all that money just sitting and not being used, when I decided to buy a vacation property out of California, and use the money from a reverse loan to do it.

I was referred to Lorraine by my Financial Advisor to educate myself about reverse loans and if using one for my 2nd home purchase was a rational idea.

She provided me with qualified information and answered all of my questions I had, and made the experience of applying for a reverse loan so easy.

Thank you Lorraine for your help and support.
Aug 12, 2021
I was referred to Lorraine by my financial advisor who suggested that I investigate reverse loans as an option to solve some financial concerns that I had.

When Covid-19 took over our lives, I was unable to continue to work in my retail shop, and I soon found my self very worried about paying my mortgage each month, and I entered into a forbearance plan.

Lorraine provided excellent information about reverse loans, and what some of the options would be for me to consider, and I really appreciated her efforts in moving me through the loan process.

It everything worked out perfectly for me. No more mortgage payments and I also have additional funds in my investments.

She is kind, patient and well qualified to help anyone who needs information about reverse loans, and I certainly will be referring her whenever possible.
Mar 8, 2021
Many years ago I met Lorraine when I was considering using a reverse loan to pay off the mortgage I had at that time. I was still making mortgage payments and I was concerned about what if I ran out of money in the future, how would I make them?

This was about 18 years ago, before computers and cell phones, and now at last I can recommend her for help to any senior who would like to know how a reverse loan works.

I am been very happy with my choice all those years ago, and remain in touch with her, but just making a phone call.
Jan 11, 2021
Lorraine's handling of a recent loan transaction was a perfect example of what client service should always be. She is very timely, continually kept me informed of the status of the process, very helpful is putting the documentation together for the underwriters, extremely efficient is putting the loan paperwork together, and going the extra mile for her clients.

Dec 20, 2020
Director of Tax
Lorraine really knows her field. She gives them the information they need, but doesn't pressure them to "close the deal". She cares about her clients and is easy to work with.

Before COVID, she visited each client in person. Now she speaks with them on the phone or in a Zoom meeting.

I easily recommend Lorraine to anyone who is thinking about a reverse mortgage.
Dec 10, 2020
I have known Lorraine for a number of years. Dedicated and service-oriented, she goes the extra mile to educate prospective clients of the nature of reverse mortgages, to take them through the process, and to get to closing efficiently. She is knowledgeable in the field and responsive; always willing and making herself available to provide insight with a calming demeanor. Lorraine is the epitome of a trusted advisor.
Dec 8, 2020
Plain and simple, Lorraine knows her stuff! She has a wealth of experience and she also stays on top of the latest trends. She takes a personal interest in her clients. She maintains personal contact with the client from the start to the finish of the loan process and beyond. Her level of personal service and attention to detail are of the highest quality.
Dec 8, 2020
Business Owner
Lorraine has the experience needed to address the concerns or seniors who want to live life on their terms. She is honest and will only work with the client if it is beneficial for their situation. I recommend her services.
Dec 3, 2020

How to Chose a Reverse Mortgage

With so many choices, how does a borrower decide which reverse loan to pick for themselves?
Dec 2, 2020
Lorraine is very experienced & knowledgable. I have no reservations about recommending her.
Oct 12, 2020
Lorraine provided excellent guidance to me, while my reverse loan was being completed and was always available night or day, to take my anxious phone calls whenever I was feeling nervous about the process.

My husband died earlier this year after 52 years of marriage and I had no idea about how to manage my money or what to do, as i was very scared.

My Financial Advisor referred me to Lorraine, and right away she made me feel comfortable and secure, even in the midst of the Bobcat fire and worrying about losing my home in it.

Anyone who is thinking about a reverse loan, should contact Lorraine, as she will make sure everything is done perfectly for you and you won't be disappointed.
Sep 10, 2020
My husband and I were referred to Lorraine by our Estate Planning Attorney, Steve Murphy when we talked with him about how to increase our income flow. We had two mortgage payments and my husband's P/T trucking and delivery business had been effected by Covid-19 and we were concerned about maintaining our savings.

Lorraine was very professional and made us feel safe and comfortable when we met with her to discuss our situation and concerns. She provided a very nice packet of information about reverse loans and guided and helped us to move forward with our loan application.

Our loan recently "closed' and we are feeling great about our decision, plus we now no longer have to make any mortgage payments and we also received a nice large amount of money, too.

Thank you Lorraine for your help and your friendship.
Sep 10, 2020

Home Buying With a Reverse Loan

Many seniors are using funds from a reverse loan to purchase a new home after they retire.
Aug 28, 2020
We recently closed on a new home we purchased after selling our large home we had had for many years, because we wanted to live in something without stairs and a big yard.

Lorraine facilitated our reverse loan for the purchase of our new home and she and her team made it go so seamlessly for us. She was always available whenever we had a question and navigated us through the loan process, and was with us when we signed our loan documents.

She is very professional, and anyone considering a reverse loan should contact her, because she will give you a free proposal and answer all of your question.
Aug 6, 2020

Reverse Loan & Foreclosures

Since there are no mortgage payments on a reverse loan, how can a foreclosure happen?
Jun 23, 2020

I Need More Money

Many seniors have seen a huge loss in their savings due to Covid-19 and the unstable Stock Market. How about using a reverse loan?
Jun 23, 2020
I was introduced to Lorraine over two years ago by my Financial Advisor who suggested I consider doing a reverse loan to preserve my savings and also to avoid income taxes on what I might withdraw to cover my monthly expenses.

I did the loan with Lorraine, and she was so helpful, informative, and professional then, that I just now, completed refinancing that loan into a new one with her.

I got a lower interest rate and there were no fees, and I couldn't be happier. There is no one else i would ever consider to work with, because she is professional, ethical, and kind.
Apr 22, 2020
We recently completed our reverse loan with Lorraine and the process was so smooth and she was very informative and helpful in assisting us by providing a personalized proposal and answering all of our questions.

We were very worried about our savings and investments since the coronavirus broke out and the Stock Market losses devastated us. We were still making mortgage payments and we very concerned about the future and how long our savings would last.

Getting a reverse loan was the perfect solution for us and we are very thankful that we were referred to Lorraine Jones and wouldn't hesitate to refer her our friends or neighbors.

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