Real estate blog entries tagged with mohave county realtors by Cheryl Westwood (Keller Williams Arizona Living Realty)

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Home : Blogs : Cheryl Westwood : Cheryl Westwood's Lake Havasu City Real Estate Blog : Tag "mohave county realtors"

mohave county realtors: New Reverse Mortgage Option is Announced by HUD - 11/18/10 06:23 PM

There is a new modified version of the Home Equity Conversion Mortgage (HECM) product announced by the Federal Housing Administration (FHA). The modified version allows older home owners to tap into the equity in their home to cover living expenses and health care costs while continuing to live in their homes. The new version allows homeowners to not have to continue to make traditional mortgage or equity loan payments.
The new option will be available for all HECM case numbers assigned after October 4, 2010. The new FHA designed HECM Saver is a second reverse mortgage option to lower upfront closing … (1 comments)

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Cheryl Westwood

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