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…
Financing Solutions for Mature Homeowners with Credit, Debt to Income or Cash Flow Challenges
Mature homeowners are confronted with many roadblocks when it comes to refinancing their homes or purchasing a smaller one. Traditional loans have a debt to income requirement of 38%. Your debt includes existing minimum payments on credit card and loan payments, as well as the mortgage payment you’d have…
