Reverse Mortgages for California
Today, there are more home ownership 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!
- There is now the HECM Saver option - designed to LOWER your upfront costs!
Homes can now be purchased via the HECM for Purchase program!
Ken is a broker representing American Pacific Mortgage, a nationally recognized Mortgage Banker licensed in 18 states with over 150 branches. He brokers a variety of reverse mortgage products include the HECM FHA government insured loans, conventional reverse mortgages, fixed rate reverse mortgages and cash accounts.
