Being located in Thousand Oaks, we’ve had a pretty good view of mortgage options and opportunities in Ventura County and we’ve also been able to keep abreast of things happening in Los Angeles County.

Reverse mortgages allow you to tap into your home equity for full enjoyment of your golden years. And while the rules are the same for residents of all California counties, residents of Ventura County might have key advantages over residents of Los Angeles County: the mortgages are actually the same as in Los Angeles County, but rates and home prices are better in Ventura County.

Comparing Ventura County
Only 40 miles northwest of Los Angeles, nestled between the Santa Monica Mountains and Simi Valley, Thousand Oaks is a popular suburb for commuters. Thousand Oaks house sizes tend to be larger, with more single family homes.

On paper, Thousand Oaks looks like the more expensive place to live:

Number of listings:

Thousand Oaks has 860 homes
Los Angeles has 5,890 homes

Median 2016 home price:

Thousand Oaks was $669,500.
Los Angeles was $529,410.

Similar home features:

Thousand Oaks 3 bd, 2 ba, 1,141-square foot single family home is $687,000.
Los Angeles 3 bd, 2 ba, 1,320-square foot single family home is $529,900.

Naturally, Ventura County homeowners can probably qualify for a higher reverse mortgage based on their higher home price.

The math is relatively simple: more equity in a home means more money from a reverse mortgage.

The beauty of living in Thousand Oaks is that Ventura County is by many accounts nicer than Los Angeles County — while at the same time bearing an overall lower cost of living. ranks Ventura County as one of the best places to live for schools, health and low crime. So if you live in Ventura County, have equity in your home and are at least 62 years old, a reverse mortgage may be a very appealing option for additional income.

Whether you live in Ventura County or Los Angeles County, though, Capstone Direct is more than happy to answer all your reverse mortgage questions.

Contact us with all your questions. We’ll help you find a reverse mortgage plan that best fits your budget and your vision for your lifestyle.