Mortgage Blog

The Jumbo Reverse Advantage over the HECM Government Reverse Program for Retirees

In the last six months, I have gone from adamantly avoiding the private label Reverse Mortgage program offerings for my clients to being an admirer and an outright endorser. The new Jumbo Reverse program looks nothing like the old one.  The primary reason for this has been the radical change in the HECM that has forced competition within the private market.  This is an example of pure capitalism at work.  Radical changes within the government market opened the door for the private market to enter and grab market share.  The changes were brought on by a desire for the indust...

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August 22nd, 2018 | Jumbo Reverse Mortgage, HECM Reverse Mortgage, Eligibility for Reverse Mortgage, MIP, HECM Changes, The Jumbo Reverse Advantage over the HECM Government Reverse Program for Retirees