EIR and PLF Changes Since January

The Two Benefits of Falling Interest Rates That May Surprise Reverse Mortgage Borrowers

It’s a crazy world out there right now. Entire nations locked down, people confined to their homes, the stock market crashing (then rebounding), businesses shut down, and unemployment rising. If there’s one silver lining in all of the craziness, it’s falling mortgage rates. According to the Freddie Mac Primary Mortgage Market Survey, average 30-year fixed … Read More >>

Growth of Principal Limit

Growth of Principal Limit: What It Is and How It Works

Growth of principal limit is a key feature of a reverse mortgage, but few people really understand how it works. I’m going to get a little technical here, but hang with me. If you grasp what I’m about to cover, you’ll have a better understanding of the reverse mortgage than many industry professionals. Growth of … 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 >>