Reverse Mortgages Near You - La Quinta 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 La Quinta, California.
Todd Walcott and Contempo Lending are the professionals you should talk with in La Quinta 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 La Quinta have slightly decreased by 0.9% over the last 12 months to a value of $736,106 as of December 2024 (https://www.zillow.com/home-values/96752/la-quinta-ca-92247/).
Overall, 2,236 La Quinta residents have used a reverse mortgage with 116 of them doing so in the last 12 months.
About La Quinta, California
La Quinta, California, is a picturesque desert city celebrated for its charm, natural beauty, and world-class amenities. Located in the Coachella Valley, just east of Indian Wells and southwest of Indio, La Quinta is often referred to as the “Gem of the Desert.” With its breathtaking views of the Santa Rosa Mountains, luxurious resorts, and rich history, this vibrant city attracts residents and visitors alike.
One of La Quinta’s most iconic attractions is the historic La Quinta Resort & Club, a legendary destination that has welcomed visitors since 1926. This luxurious resort features stunning casitas, lush gardens, and premier golf courses, including the famous Pete Dye-designed courses at PGA West. Known as “The Western Home of Golf in America,” La Quinta is a golfer’s paradise, with more than 20 golf courses in and around the city offering championship-level play and breathtaking desert scenery.
For those who love the outdoors, La Quinta is a haven of natural beauty and adventure. The city is home to the scenic Cove Oasis Trailhead and Bear Creek Trail, where hikers and bikers can explore the majestic Santa Rosa Mountains. Additionally, the nearby Joshua Tree National Park and Lake Cahuilla Recreation Area offer endless opportunities for exploration and relaxation. Art enthusiasts will enjoy visiting the numerous galleries in the city’s vibrant Old Town La Quinta, a charming village-like area filled with boutique shops, restaurants, and community events.
La Quinta’s strong sense of community and exceptional quality of life make it an ideal place for families, retirees, and professionals alike. The city offers top-rated schools, safe neighborhoods, and a welcoming environment. Annual events such as the La Quinta Arts Festival, one of the top art festivals in the nation, and the nearby Coachella Valley Music and Arts Festival further add to the area’s cultural appeal.
As a reverse mortgage loan officer serving La Quinta, I’m here to help homeowners explore financial solutions tailored to their needs. Whether you’re looking to enhance your retirement lifestyle or access your home equity, I provide the personalized guidance you need to make informed decisions. With its blend of natural beauty, world-class amenities, and vibrant community spirit, La Quinta is truly a desert paradise to call home.
Contact your La Quinta 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.
Please provide your info below to request your no-obligation reverse mortgage quote.
Thank You!
Your request has been submitted. We will get back to you promptly and look forward to speaking with you!
