Reverse Mortgages Near You - Indio Reverse Mortgage Lender
Meet Todd Walcott
Todd Walcott
Senior Loan Officer, CRMP, CMPS
NMLS #183784 | CA DRE #02227563
(760) 784-7860
Get the best reverse mortgage deals in Indio, California.
Todd Walcott and Contempo Lending are the professionals you should talk with in Indio if you are keen to explore the possibilities a reverse mortgage can offer you.
Whether you’re in Palm Desert, Rancho Mirage, Indian Wells or anywhere in the Coachella Valley region of Riverside County, Todd’s your man.
Todd has been working in the mortgage industry since starting as a summer temp in 1985.
He openly admits he has no other skills because “this is the profession I enjoy”.
Todd has worked for mortgage brokers, national banks, national independent mortgage bankers – he even ran his own mortgage broker business in Oregon for a decade before relocating to Palm Springs.
He said the job is his passion because mortgage brokers are not limited to the offerings of specific banks or institutions.
“We act as fiduciaries for our clients, something not required of big-box lenders,” Todd said.
“Over the years, I’ve learned that my job is a lot about educating the client about the process, identifying everything that could possibly go wrong and creating a contingency plan ‘just in case’.
“There shouldn’t be any surprises with mortgages. If there is an area of concern with the loan, I’ll be upfront and tell you the plan to work through it.”
Todd is a Certified Reverse Mortgage Planner (CRMP) meaning he is held to a higher ethical standard and has passed a rigid set of guidelines and exams as well as a detailed background check every three years.
That makes Todd someone you can trust!
He is even qualified to teach continuing education classes to CPAs, financial planners and realtors throughout California.
“Reverse mortgages seem like a complicated product but they come with fewer risks and a lot of flexibility and benefits most people don’t appreciate,” he said.
"I look beyond just the current 30-year fixed rate to examine how your mortgage debt aligns with your overall financial goals.
“A 15-year loan sounds great until you remember your children will attend college in the next few years.
“Owning your home free and clear in retirement sounds like a solid plan but drawing down retirement accounts in a stock market downturn or relying solely on Social Security benefits could impact your future financial security.
“Those pains could be mitigated by using the draw features or monthly tenure payments of a reverse mortgage.”
What is a reverse mortgage?
A reverse mortgage is one of the financial system’s most powerful yet largely untapped products.
Why? Because not enough people understand how it can help them.
It is specifically tailored for retirees who are at least 62 years of age and have equity in their homes but are finding daily living expenses are rapidly dwindling their nest eggs.
A reverse mortgage allows them to convert that equity into retirement cash flow so they can live in the home they love for the rest of their life.
Say goodbye to sleepless nights worrying about having to downsize or move into a retirement home against your wishes.
There are a number of different ways that homeowners can access their equity including a lump sum, monthly instalments or a line of credit - even a mix of all three.
One of the best features of this loan is that as long as the terms are met, there is no need to repay it until either the homeowner either sells the residence or the last surviving borrower passes away.
Housing prices in Indio have increased by 1.8% over the last 12 months to a value of $523,236 as of December 2024 (https://www.zillow.com/home-values/45878/indio-ca/).
Overall, 1,881 Indio residents have used a reverse mortgage with 95 of them doing so in the last 12 months.
About Indio, California
Indio, California, known as the “City of Festivals,” is a vibrant desert community located in the heart of the Coachella Valley. Nestled between Coachella and La Quinta, Indio boasts a rich cultural history, world-famous events, and a welcoming atmosphere that draws both visitors and residents. As one of the fastest-growing cities in the region, Indio is a hub of activity while maintaining its unique small-town charm.
Indio is perhaps best known as the host city for the internationally renowned Coachella Valley Music and Arts Festival and Stagecoach Festival, which bring thousands of music lovers from around the globe each year. These festivals, held at the Empire Polo Club, are complemented by other annual events, including the Riverside County Fair & National Date Festival, which celebrates the city’s agricultural heritage. With a reputation for unforgettable experiences and vibrant energy, Indio has firmly established itself as a cultural epicenter in the desert.
For outdoor enthusiasts, Indio offers a variety of recreational opportunities. The city is surrounded by stunning desert landscapes and features several golf courses, parks, and hiking trails. The Coachella Valley History Museum is another must-visit destination, offering insights into the region’s history, including its ties to the date farming industry. The museum’s lush grounds and historic exhibits provide an educational and scenic experience for all ages.
Indio’s diverse and growing community enjoys an excellent quality of life, with affordable housing, well-regarded schools, and a strong local economy. The city is deeply rooted in its agricultural past while embracing a modern, forward-thinking vision for the future. With its warm weather, cultural vibrancy, and family-friendly amenities, Indio is an appealing place to live, work, and visit.
As a reverse mortgage loan officer serving Indio, I’m dedicated to helping homeowners in this thriving city explore financial solutions to meet their goals. Whether you’re seeking to access your home equity or enhance your retirement lifestyle, I’m here to guide you every step of the way. Indio’s unique blend of cultural richness, natural beauty, and community spirit make it a truly special place to call home.
Contact your Indio reverse mortgage lender today.
Todd and his Contempo Lending team are standing by to offer anyone guidance about the value of a reverse mortgage.
As a mortgage professional with more than 30 years of experience, my passion is to find financing solutions for all my clients whether you’re a first-time home buyer, wanting to trade up, entering retirement or even if your loan was declined by someone else,” Todd said.
I solve problems so you can realize your dreams.
Give me a call today on (760) 808-4500.
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