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HECM for Purchase Now Available
30 January 09 09:31 PM | Emil Ratti | 0 Comments   
As of January 1st, HUD will allow a reverse mortgage to be used as a means to purchase a home. The qualifications are similar to a conventional reverse mortgage in some ways (must be the primary residence, must be over 62, for instance) but also has some Read More...
HUD Increases Loan Limit for Reverse Mortgages and Lowers Lender Fees
01 December 08 01:13 PM | Emil Ratti | 0 Comments   
Washington, DC – (November 7, 2008 ) – National Reverse Mortgage Lenders Association announced that the U.S. Department of Housing and Urban Development (HUD) formally adopted a new single national loan limit of $417,000 for federally insured Read More...