by RickMay | Jun 3, 2019 | Reverse Mortgage Blog, Uncategorized
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...
by RickMay | Apr 11, 2016 | Reverse Mortgage Blog, Uncategorized
If you are of age 62 or older and your home has at least 50% equity or more, you may be a candidate for a reverse mortgage, or a Home Equity Conversion Mortgage. A few other stipulations do apply. For example, you’ll need to demonstrate the financial ability to...
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