Reverse
Mortgage for California Residents
If you are age 62 or
older, you can tap into the equity of your home without
making any payments. Ultimately, the reverse mortgage
loan size will depend on the homeowner's age, the home's
value and the current level of interest rates on
mortgages.
These loans are
typically best for the cash-flow strapped seniors who
have a large amount of equity in their homes. Reverse
mortgages do typically incur higher upfront fees -
roughly about 5-6% of the home's value.
If you are
interested in a reverse mortgage, are over the age of 62
and live in California, we can refer you to a broker to
handle your request.
Our network of mortgage
brokers realize that our referrals demand a higher level
of customer service. Your satisfaction is our only
concern.
California
Mortgage News
Mortgages:
Internet versus local bank
Mortgage
applications down, rates down, new home sales way up
Thinking
about a reverse mortgage?
Mortgage
applications down 13.8%; rates also drop
Are
mortgage going higher or lower?
Demand
for mortgages slips again, as rates push higher
Mortgage
rates and affordability
Mortgage
rates top 2 year high
Reverse
mortgages and foreclosures
Getting
rid of private mortgage insurance
Mortgage
applications down 4th week in a row
Wait
until spring to buy a home in Los Angeles?
Mortgage
application at 3 1/2 year low
Mortgage
Application Volume Down In Latest Survey
Worries
over innovative mortgages
Orange
County, California becomes the second most expensive real estate
market in U.S.
California
real estate boom isn't over yet
Mortgage
applications for fall sixth week, mortgage rates drop slightly
Are
ARMs a major concern for California?
Mortgage
rates rise to 17 month high
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