Will the current reverse mortgage loan limits be extended into 2013?

More than likely it will remain the same, but if there is a change on the horizon, they usually announce it in March... I'm a Broker here in Scottsdale AZ and I only lend in Arizona. If you or someone you know is looking for financing options, feel free to contact me or pass along my information. 480-287-5714 WilliamAcres.com

No announcement has been made, so it is likely the current limits will remain in place. ~ Bert Carpenter, The LoansA2z team of NOVA Home Loans ~ NMLS 40586 ~ Licensed in California and Arizona ~ www.LoansA2z.com 888-889-9950

The current limits are supposed to be available till October 1, 2013. Call a LOCAL Lender and they can help you with it but make sure you also talk to someone that has experience with Reverse Mortgages. I lend in Utah so please refer anyone you know that needs financing help to call me at 801-971-6901 or email me at www.MortgagelendingPro@gmail.com

Mr. Marsh. I would say yes, I haven't heard of any changes on the horizon. The top limit is pretty generous at $615,000 or so.I specialize in Reverse Mortgages in Colorado. If I can help please give me a call; 720-206-4539 Mark Allen Schmidt

Mr. Marsh. Yes, the current limits will continue into 2013. I understand they are reviewed in October, who knows, they might even go up. The top loan limit for Castle Rock is $625,000. (that includes both the Reverse Mortgage Purchase and to refinance, to take cash out or retire a traditional mortgage)I specialize in Colorado Reverse Mortgages, I work for 1st Reverse Mortgage USA. and Cherry Creek Mortgage Company. We are located in Denver, we are also one of the top 15 Reverse lenders in America. Mark Allen Schmidt 720-206-4539 mschmidt@ccmclending.com