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 | Reverse Mortgage supplemental retirement income FHA Age in Place Inflation Reverse Mortgage Eligibility 55+ Interest Rates Housing Market Mortgage Rates Real Estate Market 2023 changes Lending Limit increase
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 | Reverse Mortgage HECM Reverse Mortgage FHA Principal Limit Factor Non-recourse loan
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 | Reverse Mortgage Retirement Planning HECM Reverse Mortgage FHA Financial Assessments
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 | Reverse Mortgage Retirement Planning Reverse to Purchase Mortgage HECM Reverse Mortgage Government insured mortgage FHA 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 solutions for underwater properties HECM Reverse Mortgage Government insured mortgage FHA Construction Loan Hard Money Loan
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 supplemental retirement income HECM Reverse Mortgage FHA HUD