Home Repairs an Reverse Mortgage

Home with repairs to be done after closing the reverse mortgage now have nine months to be completed.

This has been increased from six months. This will allow more time for the senior borrower to arrange for work to be done. (example exterior painting in winter)

That's all for now
Eben Johnson
http://www.mireverse.com/

Advanced Reverse Mortgage Strategy:

You can lock in guaranteed growth on the HECM Credit line even if your house value falls.

The available credit line can exceed the actual homes value. Which could be borrowed with only the house as the only collateral.

Are you a financial Planner? Please Comment on this post.

Eben Johnson
Reverse Mortgage Loan Officer
www.mireverse.com

New Construction and Reverse Mortgage

Reverse Mortgage FHA HECM loans are now allowed on Homes Less Than One Year Old!

There are no special procedures to follow and the loans will go right through underwriting like any other loan.

That's all for now
Eben
www.mireverse.com