California Reverse Mortgages by your Sacramento Reverse Mortgage Provider

HECM Fixed Rate Reverse Mortgage Gone April 1st 2013

It is official; April 1, 2013 will be the last day to get a HECM Fixed Rate Reverse Mortgage with the maximum benefit. From that point on only the HECM Fixed Saver with the lower loan amount will be available and the adjustable rate Reverse Mortgages.
The government wants to have Seniors take less money so that more of their equity is left to cover the negative amortization (more left for the banks) this way FHA will not be forced to pay the insurance benefit on as many loans.
If you or someone you know wants to get the maximum benefit of the Reverse mortgage, now is the time to act.
Call Jeff Bangerter at 916-965-1879