Now is an optimal time to consider a Reverse Mortgage given that inflation, general housing demand, and previously very low rates have pushed the values of homes up in many areas substantially over the past couple of years. The higher values allow for hig
Dec 08, 2022 | Lending Limit increase 2023 changes Reverse Mortgage Eligibility 55+ Interest Rates FHA Reverse Mortgage Real Estate Market Mortgage Rates Inflation Housing Market supplemental retirement income Age in Place
Since October 2013, it would appear that our government has been grappling with the people over principal limit factors (PLFs), otherwise referred to as home equity access levels for homeowners with Reverse Mortgages. The government actions are clearly ba
Jan 03, 2018 | HECM Reverse Mortgage Principal Limit Factor Non-recourse loan FHA Reverse Mortgage
The new rules will dramatically change the current government insured HECM Reverse Mortgage from a non-qualifying loan to one that requires qualifications and is subject to broad lender discretion. You can be assured that the mortgage providers will
Apr 10, 2015 | Retirement Planning Reverse Mortgage FHA Financial Assessments HECM Reverse Mortgage
Statistics show a large number of home buyers paying cash for homes. Is this the best strategy for retirees and older active adults? Many people, regardless of their age, have been having difficulty obtaining a mortgage. Once a mortgage
Mar 21, 2014 | FHA Government insured mortgage Reverse Mortgage Retirement Planning Reverse to Purchase Mortgage HECM Reverse Mortgage HECM to Purchase HECM for Purchase
There appears to be a misconception in the market among some that a Reverse Mortgage can be used to solve any and all property and borrower ailments. This is categorically incorrect. A Reverse Mortgage is designed for a primary residence only and do
Sep 25, 2013 | Reverse Mortgage HECM Reverse Mortgage solutions for underwater properties FHA Construction Loan Hard Money Loan Government insured mortgage
FHA and The Department of HUD have been authorized by congress to improve the HECM Reverse Mortgage Program. The legislation passed by both the House and the Senate authorizes HUD to improve the program, based on past assessments, so that it better s
Sep 02, 2013 | Reverse Mortgage HECM Reverse Mortgage supplemental retirement income FHA HUD