For the last 9 years or so, reverse mortgages could only be attained by homeowners aged 62 and older. Guess what! It’s the dawning of a new day. When it comes to reverse mortgages, age 60 is the new 62 for 2018 and beyond. Introducing, the reverse mortgage at age 60 program. It is going […]
What is a jumbo reverse mortgage? The Maximum loan amount for an FHA reverse mortgage ranges from about $398,000 to $566,000 for homes that are valued at $765,600. If you need to borrow more than that, a jumbo reverse might be right for you
Jumbo Reverse Mortgage 2018 – If you’re considering a JUMBO reverse mortgage in 2018 and have a higher priced home, you may be in luck. The reverse mortgage jumbo products recently expanded and will continue to expand in 2018. In 2019 they expanded further and still continue to do so (growth has been stunted by […]