Loan Limits
Reverse Mortgage Demand Way up in 2008
The WSJ recently released a story covering the increase in demand for reverse mortgages in the US. The highlight shows that year over year reverse mortgages rose nearly 7%. “Americans have the bulk of their assets tied up in their homes, even now,” says Greg McBride, senior financial analyst at Bankrate.com. “The demand for reverse [...]
New HUD Rule Allows Reverse Mortgages For Home Purchase
Annapolis, MD — (SBWIRE) — 12/15/2008 — Reverse mortgages have been available for more than two decades for senior homeowners that have significant amount of equity in their homes and want to tap it. With recent HECM guideline changes, the HUD is backing a program to help older homeowners purchase a home with the [...]
Australia’s Reverse Mortgage Market Continues To Grow
From time to time I like to take a look at the reverse mortgage market from a global perspective. Many westernized countries including Australia, New Zealand, Canada and England offer various forms of what we refer to as reverse mortgages. While the global housing related financial sectors of various economies may been headed towards record [...]