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Palm Desert Reverse Mortgages

Shop for the best reverse mortgage deals in Palm Desert, California.

Meet Jean Gallagher

Jean Gallagher Reverse Mortgages

Jean Gallagher

Reverse Mortgage Specialist

NMLS #263711


(760) 699-1351

 

 

Get the best reverse mortgage deals in Palm Desert, California.

Jean Gallagher and Entertainment Mortgage are one of Palm Desert’s most trusted teams to talk with if you are in the market for a reverse mortgage, from Coachella to Cathedral City and across Riverside County.

Jean started out as a stockbroker with a major Wall Street brokerage, but soon realized that she loved helping people achieve their financial goals through real estate and made the switch to mortgages.

She founded her mortgage company in 1990 and has worked in the trenches ever since.

Jean is well known and highly regarded as a problem-solver.

Her background in both forward and reverse mortgages enables her to determine the best solution for all of her borrowers.

She takes great pride in her work, and always steers her clients towards their best options so they can achieve their goals.

Jean is a straight shooter. She’ll make no attempt to impress you with fancy jargon - you will instead appreciate her depth of knowledge and the comfort you feel when working with her.

Palm Desert, CA
Palm Desert, CA, Credit: Flickr

Jean serves everyone right throughout California and is always happy to connect with like-minded professionals.

Her peers and clients describe her as diligent, hard-working, smart, reliable and honest.

What is a reverse mortgage?

A reverse mortgage is such a world-beating product because it reverses the growing problems facing so many seniors today who are worried about the diminishing size of their retirement nest egg.

Rising inflation and negative stock growth has left some retirees in a particularly sticky situation and forced to consider selling their cherished homes.

But there is an alternative.

As long as you have equity in your home, a reverse mortgage will enable you to convert it into a potentially life-changing new income stream.

Retirees who are at least 62 years of age can apply.

Approved customers can relax in the knowledge that they don’t have to sell up and can instead start making plans for a more comfortable and buoyant future.

There are a number of different ways that homeowners can be paid including a lump sum, monthly installments or a line of credit - even a mix of all three.

The loan has many great features - one of the best is that as long as the terms are met, there is no need to repay it until either the homeowner sells the residence or the last surviving borrower passes away.

Housing in Palm Desert over the last 12 months* has grown an impressive 24% to an average of $594,566 (https://www.zillow.com/home-values/114029/cahuilla-hills-palm-desert-ca/).

Palm Desert is scattered with homeowners who have already taken advantage of a reverse mortgage - there are 2,438 of them. And 431 have bought one in just the last 12 months*.

About Palm Desert, California

Once known as Old MacDonald Ranch, the area can also be seen on some old maps referred to as “sand hole”.

It became known as Palm Village by the 1920s when date palms were planted.

But it was still little more than an army training base for African warfare in the early 1940s until development began in earnest in 1948.

Cliff Henderson opened the Shadow Mountain Resort that same year.

By 1951, the city had changed its name to Palm Desert and its destiny as a sunny escape for frostbitten east coasters was cast.

Some arrive and never leave.

It's next-door neighbor, Indian Wells was incorporated in 1967 and hosted its first tennis tournament 20 years later.

The Indian Wells Masters now has the reputation as the “fifth Grand Slam”.

Palm Desert is one of California’s fastest growing cities.

Its population has swelled from a modest 11,000 in 1980 to its present level of an estimated 53,000 by 2019.

Besides an abundance of golf and tennis courts, Palm Desert is home to the Living Desert Zoo and Gardens.

There’s a great four-mile hike climbing 1106 feet on the Bump and Grind Trail with stunning views of the city.

And the El Paseo Shopping District is affectionately known as the Rodeo Drive of the Coachella Valley.

Contact your Palm Desert reverse mortgage lender today.

Jean and her team at Entertainment Mortgage are looking forward to helping you regain your financial independence and putting you back on easy street.

If you think Jean can help, please call her at (760)699-1351.

*As of October 2022

 

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