Don’t Qualify for Conventional Loan or a Reverse Mortgage? Check Out the New EQUITYAVAIL!

Are your Mortgage Payments too High?  Are your Debt’s Eating Away at Your Savings?  Has the Stock Market Hurt your Portfolio?

Check out our New Reverse Hybrid Program…EQUITYAVAIL!

We have a new product that focuses on homeowners in CA, that are 55 years of age and above.  If the homeowner is having financial challenges in affording their current home or lifestyle and they don’t qualify for a reverse mortgage or forward mortgage (a conventional loan), due to recent rate hikes and loan to value adjustments, this loan program may be the right option for them.

It offers a substantially lower payment than a traditional forward mortgage for 10 years then after that, disappears until they sell or vacate the property.


  • To qualify you must be 55 years of age or older and a homeowner. You must occupy your property as a primary residence with an existing forward mortgage and not qualify for a reverse mortgage (we can help you determine this).
  • EquityAvail requires partial interest payments for the first 10 years.  After that**,there are no monthly mortgage payments required for the remaining life of the loan. The borrower is responsible for all property tax and insurance obligations.
  • Free up cash flow without downsizing or committing to a traditional 30-year mortgage(with a much higher payment)

Details:  *The borrower is required to make non-amortizing payments for the first ten years of the loan term. These payments will not cover the full amount of interest accruing & interest will be added to the principal balance of the loan. When the payment period ends, interest and fees continue to be added to the loan balance over time. Borrower is required to pay taxes & insurance. This loan will reduce the borrower’s equity in the home which may make it more difficult to refinance the loan or to or to obtain cash upon a sale of the home. By refinancing an existing loan, the borrower’s total finance charges may be higher over the life of theloan. Primary occupancy only. Not available in all states. Additional terms & conditions apply. Subject to review of credit and/or collateral; not all applicants will qualify for financing.

**The borrower must meet all loan obligations, including living in the property as the principal residence & paying property charges, including property taxes, fees, &hazard insurance. The borrower must maintain the home. Otherwise, the loan must be repaid when the last borrower passes away or sells the home.

See attached for more information at:

EquityAvail Flyer

Contact me with any questions or to qualify for this program.  Thanks.

Rob McCarthy

Senior Mortgage Advisor


101 Loan – 14435 C Big Basin Way, Saratoga, CA 95070

101 Loan LLC – CA DRE #01165697  NMLS #121019



What’s Wrong with Reverse Mortgages?

Over the last 30+ years, I have been providing 3 types of financing to clients… Residential Financing, Commercial Financing and Reverse Mortgage Financing.

In that time, I have seen all 3 improve and evolve but the one category that has improved the most is Reverse Mortgages.  In the past, when a customer applied for one, they were really throwing the dice, so to speak, on what they would end up paying rate and fee wise, what they were told from the lender and the worse part, what they signed often relinquishing the rights of the property to the lender…Yes you heard right.  If the borrower passed away, the lender kept the house (if your parent or loved one has one from 10 years ago or longer, have them review their promissory note for such language and if applicable, refi out of it!).

Today, Reverse Mortgages are a Different Animal, so home owners 55 and above in age can enjoy their home, age in place, even if they don’t have the income to afford their home, just as long as they have enough equity in their home.  In addition, 10 years ago, it was commonplace, to see closing costs on reverses equal to $10k or 20k (or higher) and today on a Jumbo reverse they can cost $1000 to a max of $9000 depending on the rate and program chosen (most of ours are around $4k to $6k).  Lastly, today the home is yours when you sell, not the lender.

Before a client can even start a reverse mortgage application they must sit down with a qualified individual like myself and review their options, pros and cons and then take a mandatory (online/over the phone) class.   Then after a 7 business day cooling off period are they able to proceed with the application.  Lastly, while they have improved exponentially, there are some things to still consider.

You’re retired! The stock market just had a major correction (q1 and q2 of 2022) and your wondering if you have enough money to live on, long term?  Often times a Reverse Mortgage is exactly what you need as it eliminates:

– Mortgage Payments
– Monthly Medical Costs
– Credit Cards and Installment Debts

So…What’s Wrong with a Reverse Mortgage?

A Few Things…

– A Band-Aid…Really?  They can be Band-Aid to a more pressing issue in relationship to one’s Burn Rate or Lifestyle!
– Expensive…They can be Expensive, especially if you don’t spend the time to educate yourself on them and compare one option to another!
– They Can Take a While to Close. Don’t Wait until you Run Out of Money to Get one, Plan Ahead!

For more information, please contact me.  Thanks.

Rob McCarthy

Senior Mortgage Advisor

408-377-4123 o  650-465-8957 c   408-608-1921 f

101 Loan – 14435 C Big Basin Way, Saratoga, CA 95070

101 Loan LLC – CA DRE #01165697  NMLS #121019


  1. Residential Financing for Purchases and Refinances on 1 to 4 unit properties.
  2. Reverse Mortgage Financing to include Conforming, Jumbo, HELOC Jumbo’s.
  3. Commercial & SBA Financing to include Multifamily, Office, Retail and Light Industrial.
  4. Access to over 50 banks with over 200 “Five Star” Reviews on Yelp, Google, Facebook and Linkedin.