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Good News for Reverse Mortgages

Good News for Reverse Mortgages

The lending limit for federally-backed reverse mortgages has increased for the third consecutive year in a row and the 2019 limit is now $726,525. The Department of Housing and Urban Development (HUD) announced on Friday via Mortgagee Letter 2018-12 a maximum claim...
Reverse Mortgage Success Stories

Reverse Mortgage Success Stories

I’m often asked by people to explain how the reverse mortgage works and also about the pros and cons. Because of the flexibility and options that are available with a reverse mortgage, it’s hard to answer the first question easily. Each reverse mortgage borrower has...