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February 26, 2014 In Blog, Home Mortgage, Lender Solutions

Reverse Mortgage: Everything You Need to Know

PART II How Do I Get the Loan Amount? You can get the loan amount in any of the 3 ways you wish to: • As a lump sum• As a line of credit• As regular payments Needless to say, most of the borrowers go for the ‘line of

September 23, 2013 In Blog, Home Mortgage, Lender Solutions

Reverse Mortgage Program Set To Change In October

Home Equity Conversion Mortgage program (HECM) will be revised with some changes and may come into effect in the month of October. Federal Housing Administration (FHA) will receive new changes from the House and the U.S. Senate that may go into effect from 1st October 2013.

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