(805) 979-9036
Chris Wetherby

Reverse Loan Programs


Fixed Rate Mortgages (FRM)
A common type of reverse loan option, the fixed-rate mortgage never change during the loan’s lifetime. This will provide a lump sum payment for a reverse mortgage.

Adjustable Rate Mortgages (ARM)
The most common reverse mortgage is an adjustable-rate, interest rate that shift during the loan’s term, depending on current market conditions. This reverse option allows for cash out plus an equity line for future use.

FHA Insured Reverse Loans

FHA home loans are referred to now as HECM mortgages which are insured by the Federal Housing Administration (FHA). The insurance protects the home owner and the lender. As a home owner you will not be responsible if the loan ever exceeds your home value.

Components of an ARM
Prior to choosing a home loan, you should know the advantages and risks of adjustable-rate mortgages to make an informed, prudent decision.

Commonly Used Indexes for ARMs
This article includes a list of the most commonly used indexes by ARM lenders that affect ARM mortgage rates.


Reverse Mortgages
Reverse Mortgages allow senior homeowners to convert a portion of their home equity into cash while still living in the home.



Get A Quick Quote