The maximum home value FHA considers when calculating the amount a borrower is eligible to borrow with an FHA-insured reverse mortgage is called the HECM* Max Claim Amount. The new…
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Home Equity Conversion Mortgage (reverse mortgage) endorsements continued to climb in August, rising 9.8% from July, according to the latest data from Reverse Market Insight. While there was growth seen…
HUD Announces Major Changes to the Home Equity Conversion Mortgage The Department of Housing and Urban Development (HUD) has recently announced changes to the Home Equity Conversion Mortgage program, also known…
Versatile Solution for Seniors The October 2017 issue of Kiplinger Personal Finance magazine features an in-depth look at the Home Equity Conversion Mortgage (HECM), also known as the reverse mortgage….
Reverse mortgages offer realistic solution to U.S. Aging in Place Crisis The Joint Center for Housing Studies of Harvard University has published a 98-page document examining housing concerns and solutions…
FHA Loan Limits Set to Increase in 2017 After a number of years of stagnant rates, FHA is increasing the FHA loan limits by increasing the maximum claim amount from…
September News & Notes You may have noticed the Access Reverse Mortgage offices at 2999 Tyrone are gone. After 10+ years at the old location Access moved to 7750 66th…
The Federal Housing Administration today proposed a set of new rules aimed at strengthening the Home Equity Conversion Mortgage (HECM) program, including changes to the origination and servicing process. FHA…
Ramp Up to Retirement With a Reverse Mortgage Ramp up to Retirement – Kiplinger.com has published an excellent article, “5 Money Moves in Your 50’s” that helps you ramp up…
Wise Reverse Mortgages Can Be the Saving Grace of Unprepared Retirees An excellent article by Dr. Wade Pfau was published by Forbes.com this week, “Wise Reverse Mortgages Can Be the…
