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 […]
If you’re investigating reverse mortgages, you may be wondering “what is a jumbo reverse mortgage?”. Generally, a regular jumbo mortgage usually has a set loan amount. For example, in 2018 the conforming loan limit is $453,100 in most areas. In High Cost areas, the limit is $679,650. Anything that exceeds these amounts would be considered […]
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. From about 2008 to 2014, there was really only one investor that offered a jumbo reverse […]