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Category Archives: Reverse Mortgages

Reverse Mortgages For the Elderly

I see these commercials on television with old television and movie stars who are flogging reverse mortgages for elderly people (the retired and perhaps the desperate). It really makes my stomach turn when I see people like Robert Wagner pushing reverse mortgages on retired people who are desperate for some extra cash, when Mr. Wagner […]

Reverse Jumbo Mortgage Loans in California

In California reverse jumbo mortgages account for only 10% of the reverse mortgages approved in the State. The reason being that HECM (Home Equity Conversion Mortgages) reverse mortgages provide borrowers with the most money possible when they own more modestly priced properties. Below we have two case studies for retired residents in California who were […]