Reverse Mortgage Limits 2020 – HECM Loan Limits Increase for 2020

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Reverse Mortgage Limits 2020 – HECM Loan Limits Increase for 2020 Reverse Mortgage 2020 is going to be awesome! FHA announced in Mortgagee Letter 2019-20  that they will be increasing the reverse mortgage lending limits for 2020.  The HECM loan limits, aka HECM Max Claim Amount had hovered at $625,500 for years.  However, this does […]

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Reverse Mortgage Defined Complete With HUD Reverse Mortgage FAQ

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Reverse Mortgage Defined Complete With HUD Reverse Mortgage FAQ The Reverse Mortgage program is often misunderstood due to many of the reverse mortgage misconceptions and myths about the program.  Our HUD Reverse Mortgage FAQ will help answer questions, dispel myths, and hopefully help you decide if a reverse mortgage is right for you or your […]

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

Posted Leave a commentPosted in Reverse Mortgage Loan Advisors

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 […]