Cash or backup cash?

If you are 62 or over, have a lot of equity in your home and need cash now, or backup cash (just in case), then think about a Reverse Mortgage! Even though long term fixed rates seem stuck in their tracks right now, adjustable rates on FHA’s Home Equity Conversion Mortgage (HECM) have been trending down! That’s because every time the Fed lowers rates, it immediately affects the rates on the the people who already have or are in the process of procuring an FHA HECM adjustable rate Mortgage! The explanation for this is longer than what you want to read in a blog post, so call me if you want the long version. So let’s talk if you need cash now, or if you just want to have cash available in a line of credit format from your new reverse mortgage! 707-337-5970 mobile, 530-406-2200 or 707-259-1117 landlines and ask for Michael Mitchell