Mortgage Blog

HECM Reverse Mortgage Program Changes Now in Effect

The HECM Reverse Mortgage Program changes are now in place effective October 1, 2013. Changes to the program are clearly geared toward keeping the financial risk to the government insurance fund in check. As expected, the equity principle limit eligibility across the spectrum has been curtailed by fifteen percent. In addition, restrictions on discretionary equity access have been implemented for all potential borrowers for the first year. With these changes, some costs have been reigned in while others have been significantly increased. More intrusive changes to the program will be forthcoming...

October 29th, 2013 | Reverse Mortgage, Retirement Planning, Retirement income insecurity, HECM Reverse Mortgage, supplemental retirement income, HECM Reverse Mortgage Program Changes Now in Effect

American Senior-HECM Reverse Mortgage to Purchase a New Home. Dig Deep and Eliminate Income Insecurity without Sacrificing your Ambition

With the constant struggle for everyone in this low interest rate environment we all have to work smarter, not harder to achieve our goals. This is especially true for retirees that no longer earn wages from employment and have to make due with income from Social Security and their savings. In spite of this challenge, opportunity and flexibility are still abound if you know where to look. Allow me to introduce you to a HECM for Purchase mortgage. Most people have never heard of this and they immediately assume there is some mechanism of refinancing their existing home to bu...

January 11th, 2013 | Reverse Mortgage, Retirement Planning, Annuity, supplemental retirement income, Reverse to Purchase Mortgage, Retirement income insecurity, American Senior-HECM Reverse Mortgage to Purchase a New Home. Dig Deep and Eliminate Income Insecurity without Sacrificing your Ambition

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Jefferson Mortgage Group LLC

2536 Leeds Rd.
Oakton, Virginia 22124
703-319-2198
FAX: 703-773-6946
info@jeffersonmortgage.com
NMLS: 935554

Located in Fairfax County, Virginia. Serving all of Virginia, Maryland, DC & Pennsylvania. 

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Jefferson Mortgage Group LLC is licensed in Virginia, Maryland, DC & Pennslvania.
Virginia State Corporation Commission License Number MC-5659 and the Pennsylvania Department of Banking & Securities #46259 
The DC Department of Insurance, Securities, and Banking License #MLB935554
Maryland DLLR License #21586

An Equal Housing Lender

By refinancing the consumer's existing loan, the consumer's total finance charges may be higher over the life of the loan.

This material is not from HUD or FHA and has not been approved by HUD or any government agency.