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

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...
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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 private 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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Unveiling All-NEW 2018 Jumbo Reverse Mortgages to $5,000,000

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HUD Tightening Encourages the Return of Jumbo Reverse Mortgages This is the time to look (perhaps your second look) at the All-New 2018 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...
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