by Mark Daly | Jun 7, 2024
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...
by Mark Daly | May 6, 2024
For many seniors, owning a home is not just a dream but a significant financial asset. However, traditional mortgages can pose challenges for retirees with limited income. Enter the reverse mortgage, also referred to by the term HECM (Home Equity Conversion Mortgage)...