NEW Principal Limits Demystified

Last week we saw two watershed events for the federally-insured reverse mortgage program. Revised Principal Limit Factor tables and the inclusion of younger non-borrowing spouses under the age of 62. The pace of changes to the HECM program has been swift with FHA’s new authority to make substantial changes via Mortgagee Letter rather than the lengthly rule-making process.

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All-Access? Matching Building Design to Elder Needs

When you’re discussing aging in place with your reverse mortgage clients and prospects, seek to discover what areas may need special attention if they’re to remain safely in their long-term home — or, especially, if they’re considering relocating and choosing a HECM for Purchase.

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