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'Jumbo, Proprietary & Non-FHA Programs' Category Archives

2020 Reverse Mortgage Changes: New Limits, New Programs!

What’s New and Exciting for 2020 Reverse Mortgages? It seems that reverse mortgage borrowers have been getting nothing but bad news for the past 7 years. HUD has implemented more restrictions, lowered amounts available to borrowers, increased eligibility requirements that borrowers had to meet and overall, reverse mortgage borrowers have had little to be happy about for a while....
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Proprietary Reverse Mortgage: Rates, Limits & Loan-to-Values

Are you thinking about taking out a reverse mortgage? Have you heard the word ‘proprietary’ thrown around, and wonder what the differences are between a ‘regular’ and ‘proprietary’ reverse mortgage? Read on to learn about what those differences are, and what you should know when thinking about whether any reverse mortgage is right for you. In this overview, you’ll learn...
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Jumbo Reverse Mortgage: Real-Time Rates, Limits & Eligibility

This is the time to look  at the All-New 2020 JUMBO reverse mortgage programs. Traditionally, most borrowers, ages 62 and over, have benefited from the HUD Home Equity Conversion Mortgage (HECM or “Heck-um”). The reverse mortgage program has undergone some rough years. The Department of Housing and Urban Development (HUD) has made one move after another, making it harder to qualify and lowering Principal Limits (how...
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Return of the Non-FHA Reverse Mortgages are Here!

If you’re in the market for a loan that can convert your home equity into cash flow or a line of credit in retirement, chances are you have explored the option of a reverse mortgage. But the reverse mortgage is not one-size-fits all, and what many people don’t know is there are several products to choose from, both under the...
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ALL-NEW Jumbo Reverse Mortgage with Line of Credit Feature!

All Reverse Mortgage® is proud to announce our new Jumbo Reverse Mortgage Line of Credit (RMLOC). Like the Home Equity Conversion Mortgage (HECM), it is a non-recourse loan, meaning neither the borrowers nor their heirs shall have personal liability. Our Jumbo RMLOC has no mortgage insurance, up front or annual renewal. The line of credit available grows at an annual rate...
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Introducing the HomeSafe Second Mortgage

The HomeSafe® Second Mortgage is the first proprietary reverse mortgage loan that allows for 2nd position. Like the Home Equity Conversion Mortgage (HECM),  it is a non-recourse loan, meaning neither the borrowers nor their heirs shall have personal  liability. The HomeSafe® Second allows borrowers to keep a forward first lien in place while accessing the remaining equity available for...
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Introducing: Platinum Jumbo Reverse Mortgage Program

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PROGRAM ANNOUNCEMENT: Platinum Jumbo/Proprietary Reverse Mortgage Program Before the market crash, there were several jumbo reverse mortgage programs and then they all disappeared when the market crashed around 2009/2010. It wasn’t until more than 5 years later that the first program reappeared and tentatively at first.  The loan amounts and underwriting guidelines were very restrictive but as investors saw that...
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