Merchant Loans

Although this site is dedicate to HECM Reverse Mortgage Loans, we like to feature other prominent business and services which may be of interest. At Small Business Loans New Mexico you can learn about small business loans in New Mexico and the rest of the country. They specialize in the merchant cash advance, a very popular loan product. Visit them today for more details, or scroll down for more information on HECM Loans!

California HECM Loans

The California HECM loan, a type of Reverse Mortgage, is a federally-insured home loan that lets a homeowner convert a portion of the home's equity into cash. The equity can be paid to you, the borrower, in one large lump sum, in monthly term or lifetime payments, or be retained in an interest bearing account until the funds are needed. With a California HECM loan, unlike a traditional home equity loan or second mortgage, NO REPAYMENT of the loan is necessary, so long as the borrower lives in the home. This makes it a good source for more retirement income. Additional information on the California HECM loan is listed below.

California HECM Loan Requirements:

>>California HECM Borrowers must be Age 62 years or older
>>Own their home and have enough equity in to qualify
>>Occupy the home as primary residence
>>Receive counseling by an approved HUD/FHA counselor
>>The home must be in reasonably good repair

California HECM Loan Payment Options

>> Lump sum disbursement
>> Monthly payments
>> Line of credit
>> A combination of the Above

California HECM Loan Amounts

The amount of a HECM reverse mortgage loan is based on several factors.

>> Age of the youngest borrower
>> Value of the home
>> How much is owed on the home (if any)
>> Current interest rate


The following licensed specialists can provide more information on the California HECM loan:


Gateway Funding
California HECM Loan Specialists
26250 Enterprise Suite 240
Lake Forest Ca 92630
Toll-free - 1-800-379-1328

James A. Nelson (Jim)
HECM Reverse Mortgage Specialist
Tel - 1-800-482-5790
5506 152nd Pl SE
Bellevue, Wa 98008


Monty Simons California HECM Specialist
20642 Ventura Blvd
Woodland Hills, CA 91364
Toll-free - 866.437.4285 | Cell - 818.825.6330
Website

Orange County HECM Specialists

Ocassionaly we feature HECM loan specialists and other reverse mortgage providers in certain parts of the country. This month we are pleased to feature an Orange County, California HECM Specialist:

Gateway Funding

Gateway Funding specializes in Orange County HECM Loans and they welcome all your questions! In addition Orange County HECM loans and other California reverse mortgages, they offer residential, commercial and related loan products. The company is headquartered in Orange County, California, but they service the entire country for Reverse Mortgages and other loans.

Gateway Funding
Orange County HECM Reverse Mortgages
26250 Enterprise Suite 240
Lake Forest Ca 92630
Toll-free - 1-800-379-1328

National HECM Reverse Mortgage Specialists

The HECM Loan Blog is pleased to feature a national HECM reverse mortgage specialists. as well as traditional Mortgage specialists. We like to feature HECM loan originators, brokers and lenders who we feel offer the best service, loan rates, as well as the latest information on HECM loan products. We recently came across a website offering just that. The national HECM reverse mortgage specialists at The HECM Reverse offer nationwide lending, superb service, and rapid loan closings. They are national HECM reverse mortgage specialists, offering loans in all 50 states. One of the best features we found on their site was a $400 rebate, towards the appraisal of your home. This appraisal is required to get a HECM loan, and the value they offer in the rebate is well worth investigating.

The HECM loan offers many benefits:

* The money you receive is tax free income
* No payments as long as you live in the home
* No credit or income requirements
* Reverse mortgages are supported by AARP
* Reverse mortgages are insured by the FHA


If you live anywhere in the USA, then you need a national HECM reverse mortgage specialist to process your loan. Ideally, you'll want someone who offers outstanding service, customer, support, and rapid closings. Visit our featured site for HECM Reverse Mortgages today. Thy offer many resources and information, as well as that $400 rebate that you'll need, come closing time!

Conversion Mortgage HECM, HECM Conversion Mortgages Explained

About the Conversion Mortgage, or HECM Conversion Mortgage

We often get questions regarding the conversion mortgage hecm, or the hecm conversion mortgage. The HECM is the Home Equity Conversion Mortgage, a particular type of reverse mortgage. The conversion mortgage, or HECM, allows seniiors aged 62 or older to borrow from the equity in their home, similar to a home equity loan or hoe equity line of credit. The difference with the HECM conversion mortgage is that the loan does not have to be paid back in your lifetime, or for as long as you own the home. With the HECM conversion mortgage, the money you receive counted asis tax free income, no payments as are involved with the HECM conversion mortgage so long as you live in the home and there are no credit or income requirements. HECM conversion mortgages are supported by AARP, a proponent of reverse mortgages in general. Most importantly the conversion mortgage HECM is insured by the FHA. This insurance means that you will never owe more on the loan than your homes value.

HECM conversion mortgage rules:
*Borrowers must be Age 62 years or older
*Own their home and have enough equity in to qualify
*Occupy the home as primary residence
*The home must be in generally good condition
*Must meet with a certified HUD/FHA counselor

HECM conversion mortgage payments
*Lump sum disbursement
*Monthly payments
*Line of credit
*A combination of the Above

The HECM conversion mortgage is not right for every borrower. Ther are fees and interest to be paid. There are certain circumstances where you may not want to consider the HECM loan. The experts at Senior Reverse Mortgage Online can explain the HECM conversion mortgage in greater detail. They offer links to HECM lenders across the country, who will offer unbiased information regarding the conversion mortgage HECM. Contact them today, or respond to this blog post for additional HECM information.

Wisconsin Reverse Mortgages, The Wisconsin HECM Loan

If you are not already familiar with it, the reverse mortgage is a unique breed of loan product. The most common reverse mortgage is the HECM, or Home Equity Conversion Mortgage. It's offered in all 50 states, in Puerto Rico, as well as in Canada and Australia. This blog post hits a little closer to home though. We are here to talk about Wisconsin reverse mortgages, in particular, the Wisconsin HECM loan.

Before we go any further, I want to mention a local expert on Wisconsin reverse mortgages. A reverse mortgage specialist with years of experience, Gary Zimmermann with First Choice Mortgage is ready to answer your questions regarding the Wisconsin HECM loan. He can also offer details and information about other Wisconsin reverse mortgage products. To contact Gary, see his info below:

Gary Zimmermann - First Choice Mortgage
W229 N1433 Westwood Drive, Suite 103
Waukesha, Wisconsin 53186
Tel - 877-326-5626

Now let's discuss the Wisconsin reverse mortgage in a little greater detail. Most of these facts pertain to other states as well. As mentioned a moment ago, the reverse mortgage is a unique type of loan product. Three things set Wisconsin HECM loans and other reverse mortgages apart from a normal mortgage. In the case of a traditional home mortgage, or forward mortgage, you borrow money to buy a home. This loan gets paid down as you pay the lender and the equity value of your home increases. In a Wisconsin HECM loan, or other reverse mortgage:

*Instead of you paying the lender, the lender pays you.
*Instead of reducing your debt as the loan term progresses, you increase it.
*Instead of turning your income into equity, you turn the home's equity into income.

If your confused at this point I apologize. Let me make it a little more clear. With a Wisconsin HECM loan, or other reverse mortgage, you borrow money from the equity in your home, as you would from a home equity loan. The great thing about the reverse mortgage is that this money does not have to be paid back, not in your lifetime anyway, or so long as you own your home. Some benefits to the Wisconsin HECM loan and other Wisconsin reverse mortgages are:

* The money you receive is tax free income
* No payments as long as you live in the home
* No credit or income requirements
* Reverse mortgages are supported by AARP
* Reverse mortgages are insured by the FHA

Payments on the Wisconsin reverse mortgage can be made to you in a variety of ways:

*Lump sum disbursement
*Monthly payments
*Line of credit
*A combination of the Above

Basic requirements for the Wisconsin reverse mortgages are:

*Borrowers must be Age 62 years or older
*Own their home and have enough equity in to qualify
*Occupy the home as primary residence
*The home must be in generally good condition
*Must meet with a certified HUD/FHA counselor

If you have additional questions on the Wisconsin HECM loan, or other types of Wisconsin reverse mortgages, please contact Gary at 877-326-5626. You may also contact Senior Reverse Mortgage Online for details on the reverse mortgage product, or for lenders in other states.

Robert Wagner Reverse Mortgage, Senior Lending and Robert Wagner

At our HECM Blog and also at Senior Reverse Mortgage Online, we receive questions each month regarding the the Robert Wagner Reverse Mortgage, the Senior Lending Network, and spokesperson Robert Wagner. Although the Robert Wagner Reverse Mortgage is a misnomer, as Robert Wagner does not personally offer Reverse Mortgages, the names do go hand in hand. Through the Robert Wagner DVD, and the Robert Wagner commercial, The Senior Lending Network educates millions of baby boomers and seniors regarding the reverse mortgage product. The Robert Wagner reverse mortgage campaign has served them well, as most everyone now associates him with Reverse Mortgages. To find a Senior Lending Network reverse mortgage provider in your area, feel free to Contact Us online, or at 1-866-216-4636 to be referred to a senior lending loan originator. We also get requests for the Robert Wagner DVD. We work with reverse mortgage brokers and lenders in all 50 states. We have relationships with several Senior Lending Network reverse mortgage providers. The Senior Lending Network is among the top five lenders of reverse mortgages in the country. They have generated billions of dollars in reverse mortgage loans, and account for about 15% of loans generated. Reverse mortgages are a safe means for seniors to draw on the equity they have built up in their home, without paying the money back in their lifetime. It's a unique loan product which carries the support of the AARP and many financial planners. Whether you choose to place your loan with the Senior Lending Network, or another lender, the loan can be considered as an alternative way to fund your retirement. It's one of the many new Retirement Income Strategies. The senior reverse mortgage should not be viewed as your first choice, as the loan carries fees and interest, and my not be right for every individual. When you have all the facts, you can decide for yourself about a senior reverse mortgage decision. We are happy to help you locate a Senior Lending Network reverse mortgage provider or other loan provider in your area. Through our Reverse Mortgage Directory, we provide access to senior reverse brokers and lenders around the country.