|
|
You can never owe more than what your house is worth, and you cannot lose your home?
more
» |
| |
 |
| |
HECM stands for Home Conversion Equity Mortgage?
more » |
| |
|
| |
Both spouses on title must be 62 or older to qualify for a reverse mortgage?
more » |
|
|
|
The FHA
HECM Reverse Mortgage Loan Limits have recently
been raised to $417,000 nationwide.
This change just signed into law now offers
many more senior homeowners around the U.S.
the opportunity to access more equity in
their homes with a reverse mortgage.
|
| |
|
|
| Reverse
Mortgage Information |
(click buttons above for more
information)
Although the reverse mortgage loan has been
around since the late 1980's, it is only recently
that it has become popular. In fact, more HECM
loans have been done since 2006 than in the entire
history of the program!
With millions of Baby Boomers now reaching age
62, and able to qualify for a reverse mortgage
... and with all of the recent economic hardships
many seniors now must face ... the reverse mortgage
has become an important and valuable financial
tool.
But along with the increased awareness of the
reverse mortgage (thanks to the additional media
coverage it now gets), there is also confusion
on the part of many seniors and their adult children,
as well as a great deal of misinformation that
can be found on the Internet ... and even from
reverse mortgage orignators and loan officers.
Simply click on the buttons above for comprehensive
information and answers to your questions. Or if
you can't find what you are looking for there, please
contact us.
|
|
