California Reverse Mortgage Center

Seniors Reverse Mortgage News

Today, there are more homeownership options for senior individuals and couples than ever before. Whether you are looking to pay off bills or just looking for additional income to enjoy your retirement, a reverse mortgage may be the answer for you.

A reverse mortgage is also known as a HECM, short for 'Home Equity Conversion Mortgage'. The most well known are the FHA Government Insured HECM's.

Watch this reverse mortgage slide show and learn more about the reverse mortgage, and reasons why one might help you!

Now is a great time to look into a reverse mortgage or a refinance of your current reverse mortgage because:

  • The new FHA Government Insured HECM limit now $625,000!
  • The Fixed Rate HECM interest rate is now at a LOW of 5.56%!
  • Homes can now be purchased via the HECM for Purchase program!

Seniors Reverse Mortgage (SRM) is a California corporation specializing exclusively in reverse mortgages.
Ken brokers loans from Bank of America, Met Life, Financial Freedom and other major reverse mortgage lenders.
Products include the HECM FHA government insured loans, conventional reverse mortgages, fixed rate reverse mortgages and cash accounts.

Reverse Mortgage Interest Rates
as of February 8, 2010

HECM ARM (2.50% LIBOR margin)

2.73%
HECM Fixed *

5.56%

*Rates differ between lenders and change daily; request a TALC for total costs.

A message from Ken Metcalf

ken metcalf, reverse mortgage broker

Looking to make the most of the equity in your home?

Make the Most of Retirement!

'Dear Homeowner,

As the Northern California reverse mortgage representative with over 45 years as a real estate lender I understand the need for clear information on reverse mortgages.
I believe you will find my web site informative PLUS I have added increased security to give you peace of mind when submitting your information to me.
However, talking with me will help clarify the programs much better.
Please give me a call so I may address all of your questions and concerns.

I assure you... there is no pressure or obligation. '

Call today on 1-800-266-9010
or send Ken an email!

   

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