Loan Limits
2009 Reverse Mortgage & HECM Limits
While reverse mortgage loan limits recently increased nearly $60,000 homeowner’s equity could not fall any faster if it tried. It seems that as a mortgage broker, those of us with insights to understand that the good times of easy financinig would not last and were smart enough to seek alternate revenue streams like the [...]
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 mortgages [...]