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Need Cash to fix up your home that you want to sell? Use a Reverse Mortgage as a Bridge

I always tell my clients, a Reverse Mortgage is a tool that will work well for some situations and will not work for other situations.  The important thing is to be aware of how it works so one can understand all of its applications.  One such use would be as…

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…

NEW Reverse Mortgage for Purchase Calculator

There is good news for homeowners, Realtors, or other professionals that would like to quickly and easily calculate how much of a home one qualifies for on the Reverse Mortgage for Purchase program.  www.Funds4Seniors.com has a brand new CALCULATOR that any professional should have bookmarked.  All you need to do is put…

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,…

Purchasing a home with a Reverse Mortgage

Many Mature homeowners have heard of Reverse Mortgages, but, not many are aware that they can actually purchase a home using an FHA insured Reverse Mortgage, and both prospective homeowners do not need to be 62 years old.  Currently, there is NO minimum credit score, No income requirements, and there 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…

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…