Reverse Mortgage Benefits are Shrinking Again

Reverse Mortgage Benefits are Shrinking Again

Well, we have seen it before and it is happening again as HUD notifies us that they are going to be limiting the amount older homeowners can receive from the equity in their homes.  The following article appeared in the New York Times and seems to explain it better than most I have seen.

Tighter Rules Will Make It Harder to Get a Reverse Mortgage

http://www.nytimes.com/2013/09/07/your-money/tighter-rules-will-make-it-harder-to-get-a-reverse-mortgage.html?ref=your-money&_r=0 

If you have any inkling that this may be good for you or someone you know who may need this, lets get started.  Time is running out on securing maximum benefits in the HECM as it exists today.  Call me at 510.701.2167 or visit my website http://www.MartyAppel.com.