HighTechLending, Inc. NMLS # 7147

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Summer is here in California; the grand-kids are getting out of school and the beaches and parks are beginning to fill up.  Many families wait until the summertime to move causing an increase in demand and pushing home values to rise sharply this time of year, during the winter holidays…

Can a person lose their home today from a Reverse Mortgage?

The first known reverse mortgage loan was done in 1961 by Deering Savings & Loan in Portland Maine.  Nellie Young was the widow of the high school football coach and it helped her stay in her home even though she lost her husband’s income.  By the 1970’s several private banks…

How is my Reverse Mortgage cash out figured?

Reverse Mortgages (RM) are becoming an essential tool to fund retirement. A RM allows those 62 and older to access a percentage of home equity to primarily eliminate a mortgage payment and secondarily have access to cash.  Money can be received in a lump sum payout, monthly payout, it can be left in…

The biggest threat to the financial security of retirees.

With more and more baby boomers reaching retirement age, there is a looming threat to your financial security that is largely unprepared for.  In fact, 75-80% of retirees have no plan to even prepare for long term health costs.    There are 2 main reasons only 25% of mature citizens have prepared…

Reverse Mortgages will soon provide even higher payouts for older borrowers

Whether you live in Orange County. Los Angeles County, Riverside, San Bernardino, or San Diego Counties you may receive a higher payout for your reverse Mortgage.  If you are looking for funds to travel, renovate your kitchen, help grandkids with their education, or pay medical bills, the good news is,…

Reverse Mortgages for those younger than 62

Many mature homeowners are now relieved that they no longer have to wait for a younger spouse to grow older before protecting their home and their situation with a Reverse Mortgage.   Whether you are looking to eliminate the stress of a mortgage payment, pay off credit cards and debt, make home improvements,…

Southern California Reverse Mortgage, 5% Rate Cap

For years, residents of Los Angeles, Pasadena, Orange, Riverside, and San Bernardino  California have had 2 main choices when it comes to Reverse Mortgages; a Fixed Rate, or an adjustable rate with a lifetime cap of 10% over the starting rate.  There are a few new products now available to…