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discount: Do you need your investments to perform better or a reverse mortgage? - 05/27/12 12:22 PM
 
Do you need your investments to perform better or a reverse mortgage?
 
A recent article in the Wall Street Journal tells us it doesn’t matter if your investments perform well…. most retirees don’t have enough savings to matter.  Author Tom Lauricella goes on to say that home equity is still most people’s largest asset and with the help of a reverse mortgage it can make up for their shortfall in investments.
 
 Read the full article:  Savings Fall Short for Most Retirees
 
There are various strategies in utilizing home equity with reverse mortgages to supplement retirement income.  … (2 comments)

discount: A Description of Reverse Mortgage Rate Options and Payment Plans - 08/20/11 07:26 PM
Once you decide you want to get a reverse mortgage, the next important decision is the rate option selection.  For people with large mortgages to pay off, it’s a fairly easy choice with the fixed rate lump sum option.  But if you need little cash initially and want to use the funds gradually over time, the line of credit or monthly payment option may be best and for this you must choose a variable rate option.  Then there’s the choice of standard or saver.  If you want the maximum dollar amount you must pay the full 2% MIP.  If you can … (4 comments)

discount: Reverse Mortgage Rates Lower! Fixed Rate - 4.5% Variable Margin 1.75% - 05/24/11 04:29 PM
Rate Update on 4-3-11: The Fixed Rate is now 4.5% and the variable margin is 1.75%.  These rates carry origination fees.
 
It's pretty hard to believe that you can get a fixed rate reverse mortgage for 4% interest rate but it's true!  Now is a great time to get a reverse mortgage, especially if you have a home valued above the fha maximum claim amount becuase the max claim is currently $625,500 and scheduled to go down to $417,000 on October 1st. So with the incredibly low interest rates and high lending limits, make sure you don't miss this opportunity … (5 comments)

discount: Low Cost Reverse Mortgage Now Zero 0 Origination Fee for Fixed Rate 4.99% - 04/27/11 01:48 PM
Pricing has improved on the Fixed Rate HECM Reverse Mortgage and we are now able to offer the 4.99% rate with no origination fee. (request APR) This pricing will not last forever, so if you are a Senior homeowner, at least 62 years of age and interested in getting a reverse mortgage, now is the time! 
 

 
Call Maggie O'Connell 800-489-0986  American Pacific Mortgage (Specializing in Reverse Mortgages for 18 years!)
email: maggie@rmstore.net
Cal DRE # 01215943 / 01151456 NMLS # 1850 / 279499 Nevada Lic. # 168 & 45747 Equal Housing Lender
 
                     www.ReverseMortgageStore.com     … (6 comments)

 
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Maggie O'Connell

Livermore, CA

More about me…

American Pacific Mortgage - Reverse Mortgages

Address: 1548 Catalina Ct. Livermore, CA 94550, Livermore, CA, 94550

Office Phone: (800) 489-0986

Cell Phone: (800) 684-9438

Email Me

In this blog, I go into detail on reverse mortgage information through questions seniors and their families ask, industry news and current events, new program & rate options, client stories and experiences and more. From my 20 years experience as a reverse mortgage specialist, I can help guide and educate you and answer the question, is a reverse mortgage right for you and if so, what is the best option with lowest costs, interest rates and payment plan. I am easily accessible and will be happy to talk with you. Maggie O'Connell direct line 800-684-9438. American Pacific Mortgage maggie@rmstore.net www.RMStore.net Cal DRE# 01151456 #01215943 NV #45747 #164 NMLS #279499 #396955 #330948 #1850 Licensed by the Department of Corporations under the California Residential Mortgage Lending Act. Equal Housing Opportunity


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