Jumbo Reverse Mortgage

Can You Do A Reverse Mortgage With Existing Mortgage Loans? ( With Reverse Mortgage Examples )?

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Reverse Mortgage With Existing Mortgage Often times older homeowners wonder, “Can You Do A Reverse Mortgage With Existing Mortgage Loans?”.  The simple answer is Yes, you can do a reverse mortgage with existing mortgage liens.  However, that’s not always the case.  Basically, you can do a reverse mortgage loan if your home is free and […]

Jumbo Reverse Mortgage

What Is A Jumbo Reverse Mortgage?

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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 […]

Reverse Mortgage Loan Advisors

Reverse Mortgage Loan To Value, aka Reverse Mortgage Principal Limit Factors

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Introdution – Defining Reverse Mortgage Loan to Value and Reverse Mortgage Principal Limit Factors A common question asked by homeowners thinking about getting a reverse mortgage is, “how much can I get”?  Or, what is the reverse mortgage loan to value available to me?  Put quite simply, the Reverse Mortgage Principal Limit Factor is the […]

Reverse Mortgage Loan Advisors

October 2nd Reverse Mortgage Changes Are Here – What Do These Reverse Mortgage Changes Mean?

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October 2nd Reverse Mortgage Changes: On August 29th, 2017, the U.S. Department of Housing and Urban Development announced big changes to the Home Equity Conversion Mortgage (aka Reverse Mortgage or HECM). The October 2nd Reverse Mortgage Changes will have a pretty big impact on potential borrowers. Some of the changes are good and some are […]