Archive for February, 2009

Economic Stimulus Bill Raises Reverse Mortgage Loan Limit

Tuesday, February 24th, 2009

The Economic Stimulus Bill signed recently by President Obama provides even more of America’s seniors with the opportunity to benefit from a reverse mortgage. The new bill will raise the HECM loan limits to 150 percent of the Freddie Mac loan limit. Currently, that would create a HECM loan limit of $625,500, helping older Americans [...]