New HUD Policy

  • August 8, 2014

This week the new HUD policy that protects spouses under the minimum age of 62 required to get a reverse mortgage is in effect.  The ramifications are big and helpful!  However there are conditions and terms that must be fully understood by borrowers.  Well wouldn’t you know it?  I understand them and can educate folks about it.  More good news from HUD significantly increases the amount of the home’s equity that is available, especially for clients age 69 and older.  So more money from a HECM re-fi and more money at the settlement table for a HECM for Purchase (H4P).  Call me to learn about this stuff it will net you money. Read more.