Equitable Reverse Mortgage

A recent change in lending limits have opened the door for more seniors who own higher value homes with availability to pay off high cost mortgages to increase spendable cash. In the past these people in most cases had to pay to get out from under.

Effective yesterday the FHA released the news that the industry had been waiting for since 2/17/09 The Economic Recovery and Reinvestment Act of 2009 make tremendous changes that will affect millions of seniors with higher value homes.

With the change in the financial environment in this country and many around the world, it is becoming a matter of survival for most retirees who are looking for sources of money.

Seniors who are contemplating a Reverse Mortgage need to make a detailed plan and know where they are now and where they are going to be in the future before they do a Reverse Mortgage. Reverse Mortgage specialist has written a Tell all Report

Most seniors are sitting back and watching the TV waiting for the Newly Elected President to make a earth shattering decision on the Economy. What ever is done will not have an immediate affect on the ecomonmy.

The FHA is rolling out a program under the Reverse Mortgage program for Seniors exclusively that will allow them to purchase Homes. The program as most people know it is a Home Equity Conversion Mortgage, but now it is also a home purchase program.

Not since WWII has there been a program introduced to the market place that has capture the essence of the help that is needed for a specific group of citizens.. Over the years the senior has been ignored or made to feel less then a viable person.

Seniors will soon be able to purchase a home without having any mortgage payments for the rest of their lives. The new program uses the Reverse Mortgage as a purchase mortgage for seniors over the age of 62.

In 2008 saw major changes in the Reverse Mortgage industry that will have a major impact on senior who received a RM in the past or who are considering one now.

In January seniors in Northeast Florida will be able to tune in their radios every Saturday to hear real life issues and answers to all of the problems facing them in their golden years.