Here you can find the latest news on reverse mortgage in California. You can also find news regarding home equity conversion mortgages, reverse mortgage FAQs, HECM information and other news to help you plan.
What You Need To Know About A Jumbo Reverse Mortgage
Do you own a home but struggle with your everyday expenses? Then acquiring a reverse mortgage will come to your aid. Traditional reverse mortgages may be of assistance to many people, but the government-mandated restrictions make it an uphill task for many, making it...
Good News for Reverse Mortgages
The lending limit for federally-backed reverse mortgages has increased for the third consecutive year in a row and the 2019 limit is now $726,525. The Department of Housing and Urban Development (HUD) announced on Friday via Mortgagee Letter 2018-12 a...
Reverse Mortgage Line of credit; A powerful Retirement Income Tool
Imagine you are about to retire or are retired. Everything looks OK, but just OK. You own a very nice house, your health is good, you have no debts, you’re receiving Social Security benefits and you’ve got some savings. Sadly, you don’t have all the income you wanted,...
Reverse Mortgage Success Stories
I’m often asked by people to explain how the reverse mortgage works and also about the pros and cons. Because of the flexibility and options that are available with a reverse mortgage, it’s hard to answer the first question easily. Each reverse mortgage borrower has...
Are You Thinking About Deferring your Social Security Benefits?
Did you know that you may be able to defer your Social Security in order to increase your benefit amount once you begin drawing payments?*1 If you’d like to defer your Social Security, but are concerned your cash flow won’t be enough, you may want to consider a Home...
A Great Reverse Mortgage Idea; Take a Line of Credit Now
I’ve got a financial proposal that is probably going to surprise you. Take out a reverse mortgage at age 62, even though you don’t need the money. In fact, take it especially if you don’t need the money. There will never be a better time for people who want to use the...
HECM: How to Calculate a Reverse Mortgage
A reverse mortgage, also known as a HECM, can be a valuable way for homeowners to convert some of the equity in their home into much needed cash. Backed by HUD and insured by the FHA, these loans are just one of the many tools designed to help homeowners 62 years and...
You and Your Family Can Benefit From a HECM Purchase
“Few things in life are as exciting and satisfying as buying a new home,” said Monte Howard, CRMP, Manager of the Reverse Mortgage Division at C2 Financial, based in San Diego. “When I show a client how they can own the home of their dreams with a Reverse Purchase, I...
What to know about buying a home with a Reverse Mortgage
Can you buy a home using a reverse mortgage? The answer is a definite yes. Buying a home with a reverse mortgage is usually a conversation for seniors that are looking to downsize from the homes they already live in, and especially the amount of money they are paying....