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February 19, 2006
Reverse Mortgages More Favorable in
Senior homeowners can obtain a more generous reverse mortgage loan in 2006 than ever before meaning they can convert a greater portion of the equity in their homes into tax free income using one of these special mortgage plans. The new rules affect the federally insured Home Equity Conversion Mortgage (HECM) and the Fannie Mae Home Keeper reverse mortgages. About 90 percent of all reverse mortgage sales have been HECMs (insured via
From Reverse Mortgages More Favorable in
Posted by Ryan at February 19, 2006 01:43 PM
