Yes Reverse Mortgages have changed and I think this was a good move by the Government. The cost of setting up a line of credit has gone down dramatically. The expensive part of a Reverse Mortgage is the Up Front FHA...
How to buy a home with an FHA Reverse Mortgage 1. You need to be 62+ years old. 2. You need cash, about 42% of the purchase price of your new home 3. Your realtor writes a contract, we review it and approve the deal. 4. You...
Losing your home to foreclosure when you are young is like watching a dream go down the drain. Losing your home to foreclosure when are a senior is a nightmare that brings sorrow and pain. Things happen that are beyond your...