reverse mortgages california: Current Reverse Mortgage Interest Rates - 07/01/08 03:04 PM
Happy Tuesday everyone! That means it's time for my weekly reverse mortgage interest rate update.
Jumbo Reverse Mortgages (Non-FHA):
Variable Rate Jumbo Reverse Mortgage: 5.95%
Fixed Rate Jumbo Reverse Mortgage: 8.750%
Countrywide or Bank of America Jumbo: Suspended for Brokers
Financial Freedom Cash Account Advantage Reverse Mortgage: Suspended
FHA Reverse Mortgages … (0 comments)
reverse mortgages california: Reverse Mortgages in California's Southland - 06/27/08 07:00 PM
From uninsured medical bills, to prescription drugs, to home maintenance and even at home care, social security income alone often cannot cover all of a seniors' expenses. Many Southern California seniors have found a solution to affording the high cost of living in our region with a Reverse Mortgage. And in … (1 comments)
reverse mortgages california: 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)
reverse mortgages california: California Reverse Mortgage Interest Rates Increase - 06/17/08 01:48 PM
The rates have gone up this week, probably in response the recent bond market changes. Here are today's interest rates for the top reverse mortgage programs:
FHA Reverse Mortgages:
The HECM, which is the FHA Home Equity Conversion Mortgage rate is 4.01% (Index is the 1 Year CMT at 2.51% plus … (0 comments)
reverse mortgages california: 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)
reverse mortgages california: 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)
reverse mortgages california: Reverse Mortgage California – Loan of Last Resort? - 05/05/08 03:10 PM
As if our industry needs any more cautionary opinions about reverse mortgages, here is a recent news story that says the programs should be a last resort, not a "ticket to the resort". Such statements toward this relatively new program are still made with some frequency. Of course the writer was … (0 comments)
reverse mortgages california: Reverse Mortgage Loan Rates – Libor Increasing - 04/29/08 03:25 PM
The LIBOR index, a commonly used benchmark for the cost of money for lenders, has increased by almost 1% over the last month, pushing up the reverse mortgage interest rates for Libor-based products. Here's reverse mortgage interest rates as of today: HECM Reverse Mortgage rate: 3.38% (Index is the 1 Year CMT at 1.88% … (0 comments)
reverse mortgages california: Reverse Mortgages or Pay-Option Mortgage – What’s the Best Loan for Seniors? - 04/23/08 03:05 PM
The reverse mortgage and the pay-option mortgage are two surprisingly similar home mortgage options that are both worth considering by senior homeowners wishing to tap into their home equity. Many seniors in recent years have used the option-ARM to access cash from their home equity, which results in far lower monthly … (0 comments)
reverse mortgages california: California Reverse Mortgages Helps Seniors Remain at Home - 04/11/08 04:27 PM
If you asked a senior citizen about the most important issue facing them during retirement, there one response you'd probably hear over and over is: "I want to remain independent in my home." Many of them have lived in California for a long time, which means everything that they know and … (6 comments)
Information about Reverse Mortgages specific to California and in general about the programs, industry news, current interest rates and perspectives about the product.
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Happy Tuesday everyone! That means it's time for my weekly reverse mortgage interest rate update.
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