1-23-09 Possible Loan limit increase

There has been some talk of the HECM loan limit of $417000 being raised to $625000 as a part of the new stimulus package.

With the elimination of most if not all reverse mortgage jumbo loan programs, This could be a great benefit to senior looking to replace some or all of income normally taken from their hard hit retirement accounts.

Let your representatives in washington know that this rule change could help the American senior homeowner.