Reverse Mortgage Limit

Uh Oh! What If My Loan Balance Reaches the Reverse Mortgage Limit?

Nobody likes nasty surprises when they’re already committed to something. Are there any lurking surprises that can force repayment of your reverse mortgage when it reaches a certain balance? Do you need to worry about your balance hitting a reverse mortgage limit? I haven’t seen this question for a while, but it’s come up several … Read More >>

New HECM Lending Limit and Index for 2021

New HECM Reverse Mortgage Lending Limit and Index for 2021

Happy New Year! The year 2020 was one of the more tumultuous years in recent memory, was it not? We sincerely hope that the new year finds you well! In life, things are always changing – and it’s no different in the reverse mortgage world. The new year brings some significant changes to the HECM … Read More >>

Consider a Reverse Mortgage to Cut Taxes in Retirement

Newly Increased HECM Lending Limit to Take Effect in January

Many seniors will soon have significantly more cash available through a HECM reverse mortgage. As of January 1, 2019, the HECM lending limit will be increased by FHA to $726,525 from the current limit of $679,650. FHA periodically updates the lending limit to reflect prevailing home values across the nation. Home values have increased substantially … Read More >>