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 2018 – Reverse Mortgage Jumbo Products Expand

Posted Leave a commentPosted in Jumbo Reverse Mortgage, Reverse Mortgage Loan Advisors

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 […]

HECM Loan Limit Increase – 2018 Reverse Mortgage Loan Limit Changes Announced

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First of all, A HECM Loan Limit Increase isn’t always guaranteed.  In fact, they didn’t change in 2011, 2012, 2013, 2014, 2015, and 2016.  During these years it was set at $625,500 and then they changed it slightly in 2017.  At that time HUD increased it to $636,150.00.  Not only will we share what the […]

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

Posted Leave a commentPosted in Reverse Mortgage Loan Advisors

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 […]

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 […]