If you are interested in a reverse mortgage loan, you should be aware that the Home Equity Conversion Mortgage (HECM) program will be changing significantly on September 28, 2013, resulting in:
- Lower available cash to the borrower
- Limitations on initial disbursements in the first 12 months
- Higher initial mortgage insurance premiums1
It’s still not too late to take advantage of today’s HECM program if you submit a signed application and an approved HUD counseling certificate to Liberty by September 28, 2013.
Try our free reverse mortgage calculator or call us today at 1.866.751.2606 to contact a licensed advisor. Our advisor will explain the steps you need to take to meet the application deadline and ensure you’re locked into the current program structure.
Don’t let this valuable time pass by–contact us today to move forward with a HECM reverse mortgage loan