Closing Costs Other closing costs that are commonly charged to a reverse mortgage borrower, include: Credit report fee. Verifies any feder...
17 Dec 2010 / 1 Comments / Read MoreYes. It doesn't matter if you didn't buy it with an FHA-insured mortgage. Your new FHA HECM will be FHA-insured....
16 Dec 2010 / 1 Comments / Read MoreTo be eligible for a FHA HECM, the FHA requires that you be a homeowner 62 years of age or older, own your home outright, or...
16 Dec 2010 / 0 Comments / Read MoreA reverse mortgage is a special type of home loan that lets you convert a portion of the equity in your home into cash. The ...
16 Dec 2010 / 1 Comments / Read MoreThe Home Equity Conversion Mortgage (HECM) is FHA's reverse mortgage program which enables you to withdraw some of the equity in your home....
16 Dec 2010 / 0 Comments / Read MoreA Reverse Mortgage for Less

A reverse mortgage offers a way to get at the equity in a home that might not otherwise be accessible. The chief complaint has always been...
17 Dec 2010 / 3 Comments / Read MoreFHA Extends $625,500 Loan Limit for HECMs

FHA Extends $625,500 Loan Limit for HECMs - December 01, 2009 The Federal Housing Administration today published Mortgagee ...
17 Dec 2010 / 2 Comments / Read More