The Importance of Home Inspections for Seniors Looking to Age in Place
This article was originally posted at https://www.inspectionsupport.net/resources/importance-of-home-inspections-for-seniors/ and is posted here with permission.
Can You Refinance A Home Equity Conversion Mortgage?
Can you refinance a home equity conversion mortgage? Yes, this is where you pay off an existing HECM with a new HECM loan. And here’s why…
How To Get A Reverse Mortgage And Stay Safe In The Current (COVID-19) Environment
I cannot recall a better time to get a reverse mortgage. Rates are the lowest that I’ve seen, and property values are still high.
Reverse Mortgage Conversation on “The Street”
“Thestreet.com” is financial news and literacy website that is directed towards mainstream America and personal finance.
The Incredible, Flexible Home Equity Conversion Mortgage
If the FHA insured reverse mortgage, known as the Home Equity Conversion Mortgage (HECM), is anything, it is an incredibly flexible financial instrument.
A Decade of Change
When I entered the reverse mortgage business back in 2003, I thought it was a great program that would never change…Then 2008 happened.
FHA Lending Limit Increases for 2020
Effective January 1, 2020, FHA increased the Maximum Claim Amount (MCA) from $726,525 to $765,600.
Portfolio Reverse Mortgage Updates
A portfolio reverse mortgage is a loan that has guidelines established by one individual lender, not a big government sponsored enterprise (GSE), like Fannie Mae or Freddie Mac.
Life Cycle Of An Appraisal
As with most home mortgages, the Home Equity Conversion Mortgage (HECM), which is the name for the FHA reverse mortgage program, requires a full appraisal.