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Larkspur, CA (BUSINESS WIRE) 10 December 2011

depth of the U.S. Housing and Urban Development (HUD) recently completed the Mortgage Letter 2011-39, after which the current FHA loan limit of $ 625.500 Home Equity Conversion Mortgage (HECM or reverse mortgage) 31 on the in December 2012. This is great news for borrowers who are trying to buy or refinance a high-cost area are to Drawdy, a reverse loan specialist Sue.

This product is suitable for our aging baby boomers, says Sue Drawdy of All Forms of California Mortgage, a reverse mortgage lender. It can be effectively used to supplement pensions to help out with medical bills, among other uses.

Reverse mortgages are for homeowners 62 and older, in which the lender makes monthly payments or a lump sum to the landlord. Many seniors use reverse mortgages to social security to supplement unexpected medical expenses, home repairs and much more. No monthly repayment is required until the borrower no longer the home as their principal residence.

If HUD had not been expanded by $ 625 500 limit, it would have fallen to the American Recovery and Reinvestment Act (ARRA) with $ 417,000 line of credit. Drawdy thank expansion of higher reverse mortgage limits, saying it is particularly useful for California’s seniors.

The cost of living in California are usually more than the national average, a continuation of the higher limit reverse mortgages are very useful in this mode, Drawdy said.

Drawdy says the expansion rate is now a good time for a reverse mortgage, and points out that the seniors can buy yourself a new home for a reverse mortgage.

informative brochure from the National Council on Aging, “Use Your Home to stay at home,” contact Sue Drawdy, All California Mortgage at (415) 503-9716 or by e-mail him sdrawdy (at) allcalifornia (dot ) com.

For more information about reverse mortgages, or other information about Sue Drawdys services, call him at (415) 503-9716, or visit them online at http://www.allcalifornia.com/sdrawdy.

About Sue Drawdy of All Forms of California Mortgage

Sue Drawdy is a 21-year veteran of the mortgage industry. A licensed broker and a graduate MBA program in Finance at Golden Gate University in San Francisco is excited about what is best to focus on the consumer, Drawdy has become a highly valued and trusted advisor in real estate in the community.

Drawdy is also an avid real estate investor with extensive experience in the residential and small business. He has a wealth of information about an investor loan. He has extensive experience working with the tenants in common loans from several units. Drawdy specialized reverse mortgages, jumbo loans, investment property real estate loans, FHA mortgage loans and HOMEPATH. She works to borrowers throughout the U.S. state of California.

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Advisor · California · Drawdy · expansion · FTAs · HECM · highlights · Limits · Loan · Mortgage

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Milford, CT (BUSINESS WIRE) 7 December 2011

Total Mortgage Services, LLC, a leading mortgage lender, announced today that it received a mortgage lender license in West Virginia West Virginia Division of Banking, and is capable of housing loans in the entire state of West Virginia are. Total Mortgage Lenders in West Virginia as a licensed mortgage lender and its 789th License ML 30

We believe we are on the market in West Virginia, a very useful time for the borrower, because mortgage interest rates near historic lows, and affordable housing across the country are available, said John Walsh, president of Total Mortgage. We are happy to help responsible borrowers the right mortgage solution for today’s demanding environment, the purchase or refinancing needs.

total mortgage has now been approved for 25 states and the District of Columbia and has applied for three additional state licenses.

Total Mortgage, which offers some of the lowest mortgage rates, jumbo loans, FHA-insured mortgages, 30-year fixed-rate mortgages and floating rate mortgages through retail and wholesale channels, in California, Colorado, Connecticut, Delaware, Florida, Georgia licensed, Illinois, Massachusetts, Maryland, Maine, Michigan, Mississippi, New Jersey, New York, New Hampshire, North Carolina, Ohio, Pennsylvania, Rhode Iceland, South Carolina, Tennessee, Texas, Vermont, Virginia, West Virginia and the District of Columbia.

you need to get up to the minute mortgage rates for residents of West Virginia on http://www.totalmortgage.com. Speak with an experienced and licensed loan officer please call 1-877-868-2509 or e-mail contact (at) total mortgage (dot) com.

About Total Mortgage Services, LLC

Total Mortgage Services, LLC, a provider of some of the lowest mortgage rates, a leading direct-consumer and wholesale mortgage bank. The company was founded in 1997, in Inc. Magazine “list of fastest growing companies in America in 2011 and 2010 and the Better Business Bureau ranking has been taken since 1997. Licensed in 25 states and the District of Columbia, offers a Total Mortgage variety of products and programs, such as fixed rate bonds, variable rate mortgages (arms), jumbo loans, FHA mortgages and more. In 2010 we launched a total of a wholesale mortgage platform TMS financing. Visit TotalMortgage.com current mortgage rates, FHA mortgage rates Jumbo mortgage rates, ARM rates and other mortgage interest. For more information, visit Total Mortgage http://www.totalmortgage.com.

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