HighTechLending, Inc. NMLS # 7147

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…

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…

Preparing for inevitable Bear Markets

Whether you live in Los Angeles, Pasadena, San Diego or Orange County; Some may think that Reverse Mortgages are only for mature homeowners that are struggling financially.  This is no longer the case.  Most Reverse Mortgages today are the Government insured HECM (Home Equity Conversion Mortgage) products.  There have been…

Two Ways to Receive Social Security Checks

  In March of 2013 the Social Security Administration made a few changes as to how you may receive your Social Security Checks.  There are currently 2 ways you can receive your checks: 1. Direct Deposit – puts the money right into your checking or savings account the day you would…