As Credit/Income Challenged Reverse Mortgage Applicants Rush To Beat FA deadline, It Is Extended
Potential Reverse Mortgage (RM) borrowers have been hurrying to qualify for a RM before the Financial Assessment (FA) takes effect March 2nd, 2015. So many have been trying to get the required FHA counseling sessions that they are currently on a backlog of a week or longer just to get an…
Notice: Senior borrowers behind on Tax and Insurance bills may get $25,000 in help
Those with reverse mortgages rest easy at night knowing they don’t have any house payments to make; but they may still experience hardships that make it difficult to make their property tax or home insurance payments. There is a new program offering additional relief to Reverse Mortgage borrowers. A recent…
