Reverse Mortgage – How Much ‘More’ Money Can I Get?
By Steven Moline The new Administration in Washington recently passed legislation that changed the FHA Home Equity Conversion (HECM) Reverse Mortgage ‘Lending Limit’ to $625,500! Previously the FHA capped the Lending Limit at $417,000. The Lending Limit is the maximum home value used to calculate the benefit a senior can receive from a HECM Reverse [...]
