The Federal Housing Administration (FHA) announced this week that the Home Equity Conversion Mortgage (HECM) limit for 2025 will be $1,209,750. In the industry, this is referred to as the “Max Claim Amount”. This is the ma
When people retire, they often go from receiving a paycheck every two weeks to a fixed income. Many may also have businesses that they have just sold. With this comes freedom, but with this newfound freedom there is an expectation that the lif
Here are the top five things you need to know about Reverse Mortgages. A Reverse Mortgage is simply a mortgage. Neither the lender nor the government assumes or receives any ownership swap for the benefits you receive from the reverse mortgag
How many of you would have loved to have had an affordable means of effectively purchasing a Put Option on your primary residence insured by the US Government prior, or even during, the housing crisis? This is what a Reverse Mortgage provides for eligible
• HECM Reverse Mortgages (Government Insured FHA): $1,149,825 • Jumbo Reverse (Private Label): $4,000,000 (higher loan amounts require exceptions based on market conditions) • Jumbo Reverse-Standalone Second Trusts: $4,000,000
Would you like to be able to stay in your home for your entire retirement? Most people that are thinking about retirement and the shift to eventually living on a fixed income and those that are already retired more than likely would answer yes to this que