FHA HECM Reverse mortgage limits increase with Stimulus package
Good news folks:
The Economic Stimulus Bill, President Obama’s plan, named the American Recovery and Reinvestment Act he recently signed into law temporarily raises the national loan limit on HECM reverse mortgages to $625,000!
This is very important for several reasons:
First, for homeowners who have properties with higher values, especially those with existing mortgage balances that exceeded currently [...]
