HighTechLending, Inc. NMLS # 7147

Breaking: Reverse Mortgage cash payouts are the highest in years, but it won’t last.

There are 3 main factors that are used to calculate how much a borrower can pull out of her home on an FHA insured HECM (Home Equity Conversion Mortgage) Reverse Mortgage (RM).  Age, Interest Rate, & home value. Age – at least one of the borrowers must be 62 by…

Considering a new reverse mortgage (RM) or refinancing your current RM? Do it well before 10/2/2017.

It has been said that the only thing constant in life is change.  In my 15 years working with reverse mortgages I can attest that this product has constantly evolved.  Years ago, the hard rule was that only those over 62 could get a reverse mortgage.  This caused many younger…