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.

About…

• 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

www.101Loan.com

650-465-8957  rob@101loan.com

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

101 Loan LLC – CA DRE #01165697  NMLS #121019

GENERAL MORTGAGE CAPITAL CORPORATION CA DRE- 01509029 NMLS- 254895. 101 LOAN IS AN ASSOCIATE OF 101 LOAN LLC – CA DRE #01165697  NMLS #121019.  INTEREST RATES AND LOAN PROGRAMS QUOTED ARE SUBJECT TO CHANGE WITHOUT NOTICE OR UNTIL LOCKED ANDAPPROVED BY LENDER.