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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...
A Complete Guide to Home Equity Conversion Mortgage (HECM Mortgage)
As you enter retirement, you may find that a limited income and personal savings are not enough to cover all living expenses. Whether you’d like supplemental income to help pay for medical bills, home repairs, or a dream vacation, a home equity conversion mortgage (HECM) could be the financial tool you’re searching for.
FHA Appraisal Checklist for Reverse Mortgages – GoodLife
If you feel like you could use additional cash-flow during retirement, a reverse mortgage might be able to help. Also known as a home equity conversion mortgage.
Current Reverse Mortgage Interest Rates (2020)
As you consider whether a reverse mortgage is right for your financial circumstances, you should bear in mind how interest rates may affect your loan.
Can You Get a Reverse Mortgage on a Condo?
If you are eligible for a reverse mortgage, you may be able to obtain one on a condominium unit depending on certain rules and restrictions. Reverse mortgages allow seniors…
Reverse Mortgage vs Immediate Annuity Pros & Cons
As you plan for retirement, you might have caught wind of the term “immediate annuity” with promises regarding how this type of security can provide income for life.
A Complete Guide to Reverse Mortgage Estate Planning
TABLE OF CONTENTS How do reverse mortgages affect estate planning? What is the purpose of estate planning? What does estate planning include? How do you qualify for...
Reverse Mortgage Taxes & Tax Implications
TABLE OF CONTENTS How does a reverse mortgage work? What are the costs? How does a reverse mortgage affect your taxes? Are the proceeds from a reverse mortgage taxable?...
Reverse Mortgage Limits & Maximum Loan Amount
TABLE OF CONTENTS HECM FHA Mortgage Limits How do I receive my reverse mortgage proceeds? Every year, the Federal Housing Administration (FHA) sets lending limits on...
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...