reverse mortgage fremont: Important Changes coming soon to Reverse Mortgages
- 01/12/15 06:53 AM
Important Changes coming soon to Reverse Mortgages
March 2, 2015 is the scheduled date for major changes* to the Reverse Mortgage guidelines. Retirees, baby boomers and homeowners who have been delaying getting informed about this special home loan (for which you must be 62 to qualify) would be wise to get started NOW.
Why? If you move quickly you can have an application completed and an FHA case number assigned to you prior to March 2, 2015 and your application will fall under the current guidelines which are less stringent.
Here is a quick look......
1. A financial assessment could make it tougher to qualify. … (2 comments)
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