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home equity: 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)

home equity: HECM Lending Limits to Remain at $625,500 Through 2012 - 12/02/11 03:55 PM
We received great news from HUD that the HECM Lending Limits will remain at the high level of $625,500 through 2012.  This means that seniors with high value homes can receive a percentage of their home value, up to $625,500.  If the home appraises for more than that amount, we will use $625,500 as the home value and provide reverse mortgage funds based on the age of the youngest homeowner.  The minimum age for a reverse mortgage is 62 years old and the older you are, the higher principal limit or amount of funds is available.  There are no payments required … (0 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

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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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