Senior Homeowners May Now Receive Higher Reverse Mortgage Loan Amounts
Happy New Year from Senior Security Advisors, the Reverse Mortgage lending area of United Northern Mortgage Bankers, Ltd. Our mission is to educate our clients (adults 62 and over) on their Reverse Mortgage options so they can make informed decisions.
Last month, the Department of Housing and Urban Development (HUD) announced that beginning January 1st, through December 31st of 2018, the lending limit for government-insured/federally backed Reverse Mortgages increased to a new high of $679,650 from $636,150. These loans will be available throughout the United States, including regions previously deemed special exception areas.
What does this mean for you if you’re 62 and over? You may access more of the equity in your home than ever before and convert that equity into spendable dollars. A Home Equity Conversion Mortgage (HECM) or Reverse Mortgage can come in the form of a Line of Credit, a lump sum payment, monthly payments or a combination of the above.
You may have spent the past 30 years raising a family, maintaining a large home and building a career. As you enter your retirement years, it may be time to shift focus and look toward your own interests and needs like traveling, spending time with their families or fulfilling lifelong dreams. We provide you with excellent opportunities to meet face-to-face with one of our Licensed Reverse Mortgage Loan Originators given our 10 branches in the New York, New Jersey, Connecticut and Pennsylvania area.
We will be happy to answer any of your questions and share how you may benefit from HUD’s 2018 decision. We provide a top-notch customer experience from beginning to end and are proud of our A+ rating with the Better Business Bureau. Most importantly, our licensed staff at Senior Security Advisors are especially proud of the many customer testimonials and referrals we receive. We are making a positive difference in the lives of our customers as well as remaining true to our values as a company. We look forward to helping you!
CLICK HERE TO TALK TO A REVERSE MORTGAGE EXPERT TODAY!
We’re here to answer any questions or concerns you may have about a Reverse Mortgage
