Loan Limits
New HUD Rule Allows Reverse Mortgages For Home Purchase
Annapolis, MD — (SBWIRE) — 12/15/2008 — Reverse mortgages have been available for more than two decades for senior homeowners that have significant amount of equity in their homes and want to tap it. With recent HECM guideline changes, the HUD is backing a program to help older homeowners purchase a home with the increasingly [...]
Australia’s Reverse Mortgage Market Continues To Grow
From time to time I like to take a look at the reverse mortgage market from a global perspective. Many westernized countries including Australia, New Zealand, Canada and England offer various forms of what we refer to as reverse mortgages.
While the global housing related financial sectors of various economies may been headed towards record lows, [...]
Reverse Mortgages Set To Grow
As the U.S. economy on a macro level and consumer loans on a micro level desperately seek sound footing, one sector of the mortgage market continues gain momentum. In a recent report by the Wall Street Journal, we see that the recent passing of federal regulation of reverse mortgage limits increasing should afford seniors some [...]