HECM for Purchase and New Construction

HECM for Purchase and New Construction

HUD’s recent update with the release of Handbook 4000.1, effective October 31, 2023, brings exciting news for those looking to use a reverse mortgage to purchase a new construction home. This expansion now encompasses Single Family 1-4 units, Condominiums, and...
The Power of Refinancing a Reverse Mortgage

The Power of Refinancing a Reverse Mortgage

In the realm of personal finance, navigating the complexities of mortgages can often feel like traversing a maze with no end in sight. Among the myriad options available to homeowners, reverse mortgages stand out as a unique tool, offering seniors aged 62 and older...