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Mortgage Industry Trends

Good News About Reverse Mortgages

Are you now offering Reverse Mortgages, sometimes known as HECMs (Home Equity Conversion Mortgages)? If not, you may be missing out on another home financing opportunity. With rates remaining low, a reverse loan may be an option for many older homeowners. They can access some of the equity they built in their home without taking on the expense of a…

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Reverse-Mortgage
Mortgage Industry Trends

Reverse Mortgages: Another Option

Let’s get away from TRID for a moment. Recent revisions to the reverse mortgage program have made it a more viable option for more retirees, especially those working a little longer with a consistent monthly income (Reverse Options). For those 62 or older that own a home (and I’m one), it could provide additional wealth while reducing their housing expense.…

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