ReverseVision’s 3rd Annual User Conference is February 6 – 8 at San Diego’s Kona Kai Resort and Spa – Nov. 14, 2017 (SEND2PRESS NEWSWIRE) – ReverseVision. Man” Massi will address attendees of RV UserCon 2018 in a session focused on the HECM for Purchase loan program. Massi’s presentation, part of.
HECM For Purchase Program – forbes.com – The HECM for Purchase program allows fewer distribution needs from the investment portfolio, because a greater portion of the home’s cost can be financed by the reverse mortgage, which does not.
Reverse Mortgage Business Welcomes Increased 2019 HECM Lending Limits – . originators who have contended with changes to principal limit factors handed down to the Home Equity Conversion Mortgage (HECM) program in October, 2017. “This increase can only help folks who.
TotalChoice Mortgage Shifts Into Reverse For New Business – Weinstein previously led the Five point lending team inside Strongsville, Ohio-based Union Home Mortgage before finding their new home inside TotalChoice. “I am excited and honored to implement the.
HECM Program – Alpha Mortgage: Reverse Mortgage Division – The HECM reverse mortgage program is backed by HUD (The U.S. Department of Housing and Urban Development) and insured by the FHA. To be eligible for a HECM, FHA states that you must be sixty-two years of age or older , and either own your home free-and-clear or have a low enough balance that the loan can be paid off with a reverse mortgage.