What does this mean for you? A higher limit will accommodate higher home prices and allow for higher home equity access across the board for all eligible age groups going forward. Higher equity access means the HECM has become a more flexible tool for re
Jan 26, 2021 | Reverse Mortgage HECM Reverse Mortgage Seniors reverse credit line Eligibility for Reverse Mortgage Age in Place HECM Changes 2021 Changes
Getting a Reverse Mortgage for a homeowner with an unrestricted approval versus a restricted approval due to credit problems, even some that are very minor, can often be challenging. The program has become much stricter regarding credit incidents since th
Oct 13, 2020 | Reverse Mortgage Retirement Planning HECM Reverse Mortgage Seniors Age in Place HECM Changes Unrestricted Approval success story
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
Aug 22, 2018 | HECM Reverse Mortgage Eligibility for Reverse Mortgage Age in Place Jumbo Reverse Mortgage MIP HECM Changes 55+ High-Value Homes