Category: Loan

Frequently Asked Questions

What is a Reverse Mortgage? A Reverse Mortgage is a federally regulated program for homeowners, aged 62 and older. It allows the equity in your home to pay you rather than you paying for the home. What is a Government Insured HECM program? HECM stands for Home Equity Conversion Mortgage. It is a federally insured […]

Reverse Mortgage Scenario Examples

Reverse Mortgage SCENARIO EXAMPLE #1 John Bosworth, Age 68 Home Value – $250,000 Home Equity – $210,000 Approximate Mortgage Balance – $40,000 John is a widower who lives at home alone in Chico. He would like to keep his home, but is having trouble making payments and meeting expenses. His monthly mortgage payment is $611. […]

Reverse Mortgage Purchase Program

Tim Kemper is happy to help homeowners over the age of 62 in Chico, Walnut Creek, Paradise CA, Sacramento or anywhere in the state of California with reverse mortgages, or Home Equity Conversion Mortgages. What is a Reverse Mortgage? The reverse mortgage is also called a Home Equity Conversion Mortgage, or “HECM.” The HECM is […]

Jumbo Reverse Mortgage Loans

HomeSafe Jumbo Loans HomeSafe Jumbo Loans are our proprietary, jumbo reverse mortgage, which is available for either single family homes or condos. HomeSafe allows borrowers 62 and older to maximize home equity or access more loan benefits. It is available for both refinances and purchase transactions. We offer HomeSafe Jumbo Loans across all of California, […]

Common Myths About Reverse Mortgages

Misconceptions about Reverse Mortgages Some misconceptions about reverse mortgages include the following: Reverse mortgages are for desperate seniors, or for the house rich but cash poor. The home must be debt free before you can qualify. When the reverse mortgage comes due, the bank sells your home. The bank owns your home when you take […]

How Buying A Home Helps Local Businesses

Did you know that one of the best ways to support local businesses in Chico, Paradise CA, Redding or Sacramento is by purchasing a home? We recently helped a local homebuyer close their mortgage loan, and to celebrate, we brought together the whole group that was part of the process! Apply for a Home Loan […]

Types of Loans Programs – Fixed vs Adjustable

One of the first choices a homebuyer will need to make is whether you want a fixed-rate or an adjustable-rate mortgage loan. The bulk of loans will fit into one of these two categories, however, there is a third option that will allow you to “hybrid” the two. An adjustable-rate mortgage, (ARM): The interest rate […]

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Give Tim a call at (530) 624-6964