A Few Changes for the HECM and Some Big Changes for MyHECM.com in 2022
Happy New Year! I sincerely hope that 2022 finds you well! In life, things are always changing, are they not? It’s no different in the…
Tag: lending limit
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…
HECM Lending Limit Increase for 2020 Impacts Reverse Mortgage Proceeds and Costs
FHA has increased the HECM lending limit to $765,600 for HECMs with case numbers assigned on or after January 1, 2020. This is the fourth…
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…