Real estate blog entries tagged with financial freedom by Luke Helm (www.Reverse-Mortgage-Info.net)

Home : Blogs : Luke Helm : Reverse Mortgages California Blog : Tag "financial freedom"

financial freedom: Jumbo Reverse Mortgage Pulled by Financial Freedom - 06/18/08 06:03 PM

First Bank of America pulled their jumbo reverse mortgage product and now it's the 800 pound gorilla of the industry, Financial Freedom. The company, a division of Indy Mac Bank, just announced that the last day they will accept applications for their program called the Cash Account is June 30th.
Fortunately, there are still several jumbo reverse … (0 comments)

financial freedom: Today's Reverse Mortgage Interest Rates in California - 06/10/08 01:52 PM

It is Tuesday, June 10th which means it's time for a reverse mortgage interest rate update.
FHA Reverse Mortgages:
HECM, which is the FHA Home Equity Conversion Mortgage rate is 3.64% (Index is the 1 Year CMT at 2.14% plus a margin of 1.5%)
The fixed rate HECM is at 6.56% … (0 comments)

financial freedom: Interest Rates on Reverse Mortgages - 06/03/08 12:26 PM

It is Tuesday, June 3rd and the day that major lenders update their reverse mortgage interest rates. Here they are for the top programs:
FHA Home Equity Conversion Mortgage (HECM) rate is unchanged this week at: 3.66% (Index is the 1 Year CMT at 2.16% plus a margin of 1.5%)
The … (0 comments)

financial freedom: Bank of America Reverse Mortgage Jumbo Program Suspended - 04/28/08 02:01 PM

First it was Countrywide, and now its parent, Bank of America has officially suspended their jumbo reverse mortgage program.
The leading jumbo reverse mortgage lender emailed its lending partners today with the announcement. It appears that nationwide declining property values and the resultant lack of investor interest in mortgages has killed the … (0 comments)

Related Links: