Phone: (408) 317-4200
Cell or text: 925-784-3286

640 W. California Ave. Ste 210 Sunnyvale, CA 94086 contact Maggie to learn more!

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Jumbo Reverse Mortgage Specialist

Jumbo Reverse Mortgage Specialist California

I am Maggie O’Connell and I began originating Reverse Mortgages in 1993 specializing in Jumbo Reverse Mortgages and FHA Home Equity Conversion Mortgage. Over the years, the HECM program has dominated the reverse mortgage scene. But my focus has shifted back to Jumbo’s because of recent improvements along with the incredible home values in California, Nevada, and other parts of the nation. Choose from numerous fixed interest rate options or jumbo variable rate line of credit (Only in California but I’ll post here when new states are approved) If you select a lower fixed rate, you receive less money and higher rates provide more funds (with proprietary/jumbo options) I ask you, why make mortgage payments in retirement? You can eliminate the payments and live the life you deserve!   So, my friends, if you own a high value home and meet the age requirement, take advantage of these new programs available.  I’ll give you the details, some low cost options, and an honest proposal to help you make an informed decision.

Offering Jumbo Reverse Mortgages in  these states (click here)

“I’ll put my 26 years of Reverse Mortgage experience and expertise to work on your behalf!”     Contact Maggie!

Tom Alexander, Reverse Mortgage Specialist NMLS # 1886073Tom Alexander is now part of our Bay Area team – specializing in Jumbo and HECM Reverse Mortgages in Sunnyvale, San Jose area and the peninsula. He will meet with you in person to discuss how the program can work for you, answer your questions and provide detailed printed proposals and important loan information.  For free in-home consultation or to meet in his office, Call (408) 480-4522   640 W. California Ave. # 210 Sunnyvale, CA 94086

Spot Condo Approvals are now available!

Link to 2019 Article  regarding HUD new Mortgagee Letter regarding single-unit condo approvals for non-FHA approved Condos

Summary:  FHA are able to insure a mortgage on a Unit in a Condominium Project that is not included in the list of FHA-approved condominiums  provided the project meets certain minimum requirements. Contact Maggie for a questionnaire to determine preliminary qualification.

 

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