Fed Increases Lending Limit For Reverse Mortgages

Fed Increases Lending Limit For Reverse Mortgages
Last week FHA announced that they are increasing the lending limit for FHA insured reverse mortgages, called Home Equity Conversion Mortgages (HECM), from $726,525 to $765,600. What does this mean and how might it effect you? Listen now to learn the answers.
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Bruce Simmons

Bruce Simmons

I absolutely love what I do - working with senior homeowners to help them live a more comfortable, flexible and secure retirement. I have the absolute best customers in the world, and even though I worked in the forward mortgage business for a number of years, I could never go back to doing conventional loans. I'm a 100% reverse mortgage specialist.

Bruce Simmons

Bruce Simmons

I absolutely love what I do - working with senior homeowners to help them live a more comfortable, flexible and secure retirement. I have the absolute best customers in the world, and even though I worked in the forward mortgage business for a number of years, I could never go back to doing conventional loans. I'm a 100% reverse mortgage specialist.

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