1-866-840-0279TABLE OF CONTENTS Can you sell a house with a reverse mortgage? Can you sell a house with a reverse mortgage after the borrower passes away? How do you sell a house that has a reverse mortgage? A reverse mortgage gives eligible homeowners the ability to stay in their...
Nicole Hendrickson
Understanding the True Cost of Reverse Mortgages
TABLE OF CONTENTS Overview of Reverse Mortgages Reverse Mortgage Costs Find Out Your Reverse Mortgage True Cost with GoodLife When planning your retirement, it’s important to set aside enough funds to last you through your golden years. If you’re worried the money...
Reverse Mortgage Changes 2021: Updated Reverse Mortgage Rules
TABLE OF CONTENTS Changes in Reverse Mortgage 2019 Guidelines Changes in Reverse Mortgage Loan Limits for 2019 Changes in Principal Limit Factors on Reverse Mortgages for 2019 Changes in Reverse Mortgage Premiums for 2019 Home Equity Conversion Mortgages, also called...
HECM Counseling Requirements & Cost
TABLE OF CONTENTS Why do I need to go to a reverse mortgage counseling session before getting a reverse mortgage? How should I prepare for a reverse mortgage counseling session? What does reverse mortgage counseling cost? Who must attend a reverse mortgage counseling...
What Happens to a House with a Reverse Mortgage When the Owner Dies?
TABLE OF CONTENTS What Happens to a Reverse Mortgage after Death? Reverse Mortgage after Death of the Borrower: Spouse’s Responsibility Reverse Mortgage after Death of the Borrower: Heir’s Responsibility Rules on Loan Balance of Reverse Mortgage after Death Reverse...
Are Heirs Responsible for Reverse Mortgage Debt?
TABLE OF CONTENTS When does a reverse mortgage loan mature? What happens to a property with a reverse mortgage when the owner passes away? Are heirs responsible for the reverse mortgage debt? What is the timeline of events when a reverse mortgage loan becomes payable?...
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Reverse Mortgage Jumbo Loans Explained
What is a Jumbo Reverse Mortgage? Many homeowners wonder how they can access the wealth they’ve built through home equity in the past, so they can improve their financial circumstances in the present. A jumbo reverse mortgage offers a unique solution that can be...
FHA Announces Increases for FHA & HECM Loan Limits (2021)
Increases on HECM Loan Limits For the fifth consecutive year, the Federal Housing Administration (FHA) raised its lending limit on all FHA loans, including the home equity conversion mortgage (HECM). Often referred to as a reverse mortgage, the HECM program enables...