HECM Reverse Mortgage Rules Allow Non-Borrower Spouses Of Reverse Mortgage Borrowers To Remain In The Home FHA announced changes to its HECM Reverse Mortgage rules two years ago. Yet, many people are unaware that these changes in the HECM program allow non-borrowing spouses to stay in their homes after the last surviving borrower dies. FHA released new […]
HECM Reverse Mortgage Rules Read Post »
A Reverse Mortgage Can Subject You To Foreclosure If You Don’t Follow The Rules A reverse mortgage is available to senior citizens aged 62 or over. These specialized loans essentially use the equity in a home as the basis for cash payments to the senior. Seniors can utilize these payments to supplement Social Security and
Yes, A Reverse Mortgage Can Be Foreclosed On! Read Post »
Reverse Mortgages: What You Need to Know I have been inundated with calls about Reverse Mortgages lately. So I have decided to write this article explaining how Reverse Mortgages work and if they are right for you. If you have any further questions, I can refer you to a qualified FHA broker or originator. What
Reverse Mortgages: What You Don’t Know Could Cost You Read Post »
New Rules For Reverse Mortgages Would Allow Non-Borrowing Partners To Remain In The Home FHA announced changes to its reverse mortgage program that would allow non-borrowing spouses to stay in their homes after the last surviving borrower dies. FHA released new guidance earlier this year allowing FHA-approved lenders to delay foreclosure proceedings against non-borrowing spouses. Non-borrower
FHA Finally Deals With Spousal Issues In Reverse Mortgages Read Post »
