How Do Reverse Mortgages Work: Late last week, the House and Senate passed an extension of the $625,500 loan limit for reverse mortgages through December 31, 2010. The loan limit would have reverted back to $417,000 at year’s end if the extension wasn’t passed for the Home Equity Conversion Mortgage (HECM).
Reverse Mortgage – Congress Extends $625K Limit
November 2nd, 2009 by admin Leave a reply »
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