Tag Archives: california mortgage

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 [...]

California LTV Loans 80% and Higher

If you are looking for a California mortgage with an LTV percentile higher that 80% you will need a healthy FICO score of 730 or higher these days. Fannie Mae and Freddie Mac are being restructured as we speak as the credit crunch looms on, and as of today’s economic status, even ideal borrowers are [...]