Comments on: Look Before You Leap into Reverse Mortgages http://www.economicdecorating.com/look-before-you-leap-into-reverse-mortgages Decorating Tips and Techniques On A Budget Wed, 03 Feb 2010 03:33:34 +0000 http://wordpress.org/?v=2.9.1 hourly 1 By: pitapuppy http://www.economicdecorating.com/look-before-you-leap-into-reverse-mortgages/comment-page-1#comment-27 pitapuppy Thu, 29 Oct 2009 22:29:27 +0000 http://www.economicdecorating.com/look-before-you-leap-into-reverse-mortgages#comment-27 I did not mean to imply that there are not safe and responsible reverse mortgage loans available. I am merely asking people not to jump into this decision, or to sign contracts without thorough investigation. Anyone scam artists can say he is HUD or FHA insured. That does not make it so. Sandi I did not mean to imply that there are not safe and responsible reverse mortgage loans available. I am merely asking people not to jump into this decision, or to sign contracts without thorough investigation. Anyone scam artists can say he is HUD or FHA insured. That does not make it so. Sandi

]]> By: reverse mortgage lenders http://www.economicdecorating.com/look-before-you-leap-into-reverse-mortgages/comment-page-1#comment-26 reverse mortgage lenders Thu, 29 Oct 2009 20:06:52 +0000 http://www.economicdecorating.com/look-before-you-leap-into-reverse-mortgages#comment-26 The loan is safe and is Government-Insured by the Federal Housing Administration (FHA), a division of the Department of Housing and Urban Development (HUD). This loan was signed into law as a national program 1988 The loan is safe and is Government-Insured by the Federal Housing Administration (FHA), a division of the Department of Housing and Urban Development (HUD). This loan was signed into law as a national program 1988

]]> By: reverse mortgage lenders http://www.economicdecorating.com/look-before-you-leap-into-reverse-mortgages/comment-page-1#comment-25 reverse mortgage lenders Thu, 29 Oct 2009 20:06:07 +0000 http://www.economicdecorating.com/look-before-you-leap-into-reverse-mortgages#comment-25 HECM – Home Equity Conversion Mortgage * The Home Equity Conversion Mortgage (HECM) loan - The oldest and most common reverse mortgage. * Insured by the government through the Federal Housing Administration (FHA) - This means that HUD guarantees you will receive your funds for the life of your loan. * A unique feature of the HECM loan is mandatory Mortgage Insurance Premium (MIP) * HUD guarantees your funds will be available if the lender or servicer is not able to make payments * Maximum FHA appraised value limit: $625,500 HECM – Home Equity Conversion Mortgage

* The Home Equity Conversion Mortgage (HECM) loan – The oldest and most common reverse mortgage.
* Insured by the government through the Federal Housing Administration (FHA) – This means that HUD guarantees you will receive your funds for the life of your loan.
* A unique feature of the HECM loan is mandatory Mortgage Insurance Premium (MIP)
* HUD guarantees your funds will be available if the lender or servicer is not able to make payments
* Maximum FHA appraised value limit: $625,500

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