Orange, Calif. (May 25, 2016) So EZ Mortgage has released its jumbo reverse mortgage loan, called the So EZ Advantage for the entire state of California. With So EZ Advantage, California homeowners may obtain reverse mortgages through So EZ on properties valued at up to $6 million, versus the FHA loan limit of $625,500 associated with a traditional Home Equity Conversion Mortgage (HECM) loan.
Like a HECM reverse mortgage, So EZ Advantage is designed for borrowers age 62 or older to convert a portion of their home equity into cash to help them retire comfortably. With So EZ Advantage, owners of higher value homes now have the opportunity to borrow up to $3 million in loan proceeds—a significantly greater amount than offered through a traditional HECM loan. With the So EZ Advantage, borrowers are not required to pay mortgage insurance premiums that are charged with a government-insured reverse mortgage.
This loan is not only to owners of property types eligible for a HECM loan, but also to owners of Ginnie Mae-approved condominiums, expanding the potential market for reverse mortgage in California.
SO EZ Mortgage holds a 5 star rating by every site that a client has left a review. We have a 100% customer satisfaction rating and we believe in integrity first.
Call me, Michael Hansen with So EZ Mortgage, right now to find out how much you can access without running your credit.
714.253.7868
or
123@soEZ.tv
