It appears to be eminent that the FHA insured HECM Reverse Mortgage program will undergo significant changes early in 2013. Changes to the current guidelines could result in some seniors not being able to qualify for the loan at all and in other cases, some borrowers being severely impacted by lower loan amounts. A recent […]

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Hud announced it will leave the Reverse Mortgage lending limit at $625,500 through 2013. In 2009 FHA-HUD raised the limit from the National conforming amount of $417,000 to $625,500 because most “Jumbo” reverse mortgages disappeared from the market-place due to the financial crisis. Although the majority of seniors are not impacted by the extension of […]

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A daily occurrence for those of us working in the Reverse Mortgage industry, is breaking the news to senior citizens interested in applying for this type of home loan that they simply do not have enough equity in their homes to qualify for a reverse mortgage. It’s a hard cold fact that “Equity is the […]

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To see how much money you can get from a reverse mortgage or to find out what the maximum loan amount will be, it is necessary to contact a licensed FHA-HECM lender for accurate figures. Get the Flash Player to see this content. How Much Money Can I Get From a Reverse Mortgage? The reason […]

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Over the past year or so, financial planners and retirement advisers have been taking note of how beneficial reverse mortgages can be as a tool to preserve retirement assets so that folks don’t run out of money during their lifetime. Last September John Salter, a Texas financial planner and professor at Texas Tech, said “financial […]

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An AARP Reverse Mortgage survey concluded that the majority of senior homeowners that have obtained a reverse mortgage loan are happy with their decision. The AARP survey also said that a reverse mortgage has greatly improved the lives for 93% of the senior borrowers that have tapped into their home equity through the FHA insured […]

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Regardless of your political persuasion, it should be acknowledged that older Americans will be positively impacted by the Supreme Courts decision to uphold the Affordable Care Act. With all the conversation and debate taking place after the Courts’ decision, what no one seems to be talking about are the obvious benefits to the most vulnerable […]

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It’s no secret that the financial crisis has taken an extreme toll on the real estate market and overall home values. The total loss of home equity throughout the U.S. is yet to be tallied. But, rest assured it is in the Trillions of dollars. Evaporated home equity restricts every part of the economy. For […]

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