Here are the top 7 mistakes to avoide when shopping for a Reverse Mortgage.
When I am asked what it costs to get a reverse mortgage, I answer with my most common response: It depends.
Would the Line of Credit ultimately be larger if opened earlier rather than later? We can further explore this question with a more realistic example.
Most people don’t know that there are actually two different interest rates when it comes to reverse mortgages.
FHA has increased the Maximum Lending Limit for the Home Equity Conversion Mortgage (HECM) for 2019 from $679,650 to $726,525. This is the third year in a row that FHA has increased the lending limit.