FHA has announced that the HECM limit will be increased effective January 1st, 2024. The new HECM limit or the maximum home value that may be considered in the federally-insured reverse mortgage is…
Continue readingCould Reverse Mortgages Be the “Value” Play for Millions of Older Americans?
“When we consider the liquidity options and flexibility they [reverse mortgages] can bring to a long-term retirement plan, they are truly a value play that should be considered.”
Continue readingReconsideration of Value strengthened with proposal
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EPISODE #756
Does a $1 million HECM limit cut into private reverse mortgages?
Reverse Mortgage Daily’s Chris Clow interviewed Understanding Reverse’s Dan Hultquist to learn more.
according to a recent report from Lending Tree
Other Stories:
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[Reverse Mortgage Daily] Draft FHA appraisal policy would give HECM applicants more choices when seeking the reconsideration of their home’s appraised value.
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[Forbes] The S&P 500 Lost More Than 18% In 2022: Should Retirees Be Worried?