Aug 17, 2009
The 2009 Economic Stimulus Plan offers a higher reverse mortgage loan limits for senior homeowners. The loan limits for FHA-insured reverse mortgages have been increased to $625,500 across the entire country - not just the higher cost areas.
Jun 05, 2009
Senior citizens, age 62 and older, now have additional cash flow alternatives when it comes to getting cash from their homes. Until recently, traditional home loans only offered the option of selling one’s house or borrowing against its equity.