Just Approved: Reverse mortgage after all-cash purchase restores homeowner nest egg

Aug 27, 2019 |

Loan Officer: John Holmgren, Holmgren & Associates. Property: Condominium in Oakland. Property value: $955,000. Loan amount: $355,842. Financing terms: Homesafe fixed-rate reverse mortgage at 5.875%. Back Story: My client was referred by his financial planner brother to craft a way for him to purchase a new property using a reverse mortgage so that he would […more]

Posted in: San Francisco

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