Tag Archive for: reverse mortgages

What We Do…

Below is a comprehensive list of what we do and how we differentiate ourselves from other banks, broker’s and credit unions…Any questions, please contact us.

Residential Financing for Purchases and Refinances on 1 to 4 unit properties:

  1. First Time Buyer Programs that include CalHFA (0 Down Program when Available https://101loan.com/blog/calhfa-financing-zero-down-financing/), Home One (3% down (no limits on income or geographic location with Subsidized Rates), FHA at 3.5% Down up to $1,087m in loan on 1 unit to 4 unit up to $2,095m), VA at 0 down with no MI. USDA and 203k (Not used very often).
  2. All Non QM programs (DSCR, Bank Statement Programs, Stated Income Programs, Foreign National, No Income Verification, Hard Money (1st and 2nds)
  3. Every type of Bridge Financing (https://101loan.com/blog/category/bridge-financing/ )
  4. Jumbo Financing up to $3.5m at 20% Down (Most Retail Banks want 25% to 30% down)
  5. Real Preapprovals (https://101loan.com/blog/category/preapproval/)
  6. Access to over 60 Banks

Commercial & SBA Financing (to include Multifamily, Office, Retail and Light Industrial):

  1. Purchases, Refinances and Cash-Out with access to over 21 Lenders
  2. Hybrid Financing where the income of the property and the borrowers income is used (Most commercial banks don’t do this)
  3. Construction Financing for Owner User and Builders
  4. Unique Property Financing (Financed Silicon Valley Ferrari as example)

Reverse Mortgage Financing to include Conforming, Jumbo, HELOC Jumbo’s:

  1. HECM’s and Jumbos
  2. Smart 2nd’s (Propietary Fixed 2nd’s with No Payment)

Seminar Series for Consumers, Realtors and Other Power Partners

  1. We Offer Many (https://101loan.com/blog/seminars-at-101-loan/)

About 101 Loan:

  1. Over 300 “Five Star” Reviews on Yelp or at Google
  2. Over 30 years of lending experience.
  3. Have Closed over 2 Billion dollars in Loan Volume.

Happy to Discuss any of the above with you.  

Best Regards,

Rob McCarthy

Senior Mortgage Advisor


650-465-8957 c  408-377-4123 o

CA DRE #01165697  NMLS #121019

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


  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 300 “Five Star” Reviews on Yelp, Google, Facebook and Linkedin.

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


650-465-8957  rob@101loan.com

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

101 Loan LLC – CA DRE #01165697  NMLS #121019



Navigating Forward & Reverse Mortgages for Senior Homeowners (60+)

Are you over 60, own a home and would like to eliminate your monthly mortgage payment and do the following?

  • Pay off the Current Mortgage

  • Pay off Monthly Debts

  • Obtain Monthly Income

  • Pull Cash Out to Invest

  • Pay Medical Expenses

  • Renovate your Home For “Age in Place”

  • Get Cash or a HELOC for a Rainy Day

We offer every type of Reverse Mortgage and can help a homeowner (that is 60 years of age of older) determine if a Reverse Mortgage is right for them.

To Determine Your Options, Please Complete the Short Questionnaire at:


Please also note, we have been in the business of helping clients for over 30 years and have over 200 “5 Star” Review on Yelp. Be assured we will go out of our way to ensure you make the right financing choice, keeping in mind your long term goals and short term needs.

If you’d like to learn more, check out our video or contact us for more info.

Market Update and What Should Retired Homeowners Due in a Declining Stock Market…

As for Mortgage Rates and the Stock Market…The dust has not settled.  Analysts say this week or next may be similar to the last few weeks with volatility in the market. For now, only loans of $510k or less are low in rate. Loans above $510k are expensive, “rate wise” when looking at refi options. Purchase loans are still low in rate as banks subsidize them. In regards to market volatility for this week, please see the following at https://seekingalpha.com/article/4335928-markets-are-setting-up-for-another-move-down-technically-speaking-for-week-of-3-30minus-4-3.

In Addition…Wells Fargo has announced they will only do jumbo loans for clients with $250k deposited with them and will not be doing conforming loans or government type loans (such as FHA and VA) going forward. We are glad we have access to more than one jumbo lender and access to everything else! Being a broker in this type of market does have its perks with access to multiple lenders, many of which are portfolio lenders and lenders that sell to Fannie Mae and Freddie Mac, giving our clients more loan options!

In Closing…with market devaluations, many of your retired clients may be feeling the pain or fear of seeing their portfolio or monthly income from those assets go lower. As a solution, we have access to Reverse Mortgage Financing that can help them Age in Place and eliminate stress and anxiety with the changing times. For more info, please contact me.  Any questions, please contact us.

With the Downturn of the Stock Market, We Have a Solution for you!

With a significant decline in the stock market, Retirees may have depleted a great deal of their reserves.  If over the age of 62 and a Home Owner, why not consider a Reverse Mortgage?  This may free up cash, pay off bills, cover future expenditures and provide those reserves that make us all sleep better at night!

Learn More about our Conforming or Jumbo Reverse Mortgage, both available with HELOC’s that provide:

  • No Monthly Mortgage Payments
  • Payment Free Equity Line of Credit
  • Cash-out with No Monthly Payments
  • Cash to Reinvest to Replenish Losses from Dow Dropping

For more info, please complete the following:

  1. What are your full name(s)?
  2. List your mobile number and property address?
  3. What is your birth-date (month and year only)?
  4. Please provide your homes estimated value and current mortgage balance?
  5. If you have a line of credit or fixed 2nd, what is the balance?
  6. What is your monthly income?
  7. Do you have any debts you would like paid off?
  8. Would you like cash out to invest or save?
  9. How would you describe your credit?

Note:  No credit report will be run and information will remain confidential.

If you have any questions or if you’d like to discuss the above, please contact me.  Thanks.

BTW…For more info, go here: https://101loan.com/reverse-mortgage-start/

All the Best, 

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.