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

2021 Jumbo Reverse Mortgages: Lenders Rates & Limits.

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Expansion of Jumbo & Proprietary Reverse Mortgages  The Mortgage Insurance Fund, which affects all borrowers who rely on federally-insured reverse mortgage loans, has been at risk and HUD responded with a series of changes that limit exposure to future losses.  One of the silver linings from the changes HUD made is the re-emergence of Jumbo Reverse Mortgage products. For most...
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2021 Proprietary Reverse Mortgages: Lenders Rates & Limits

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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,...
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2020 Reverse Mortgage Changes: New Limits, New Programs!

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BREAKING: 2021 Lending Limits Raised to $822,375! 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...
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Return of the Non-FHA Reverse Mortgages are Here!

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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!

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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

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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 additional...
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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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