MortgageReverse

New Reverse Mortgage Loan Limits Announced

This morning at the Mortgage Bankers Conference in Miami, Brian Montgomery announced that the new HECM loan limit is $417,000.  A mortgagee letter will be issued soon and will become effective November 1st.  More to come as I get it….

Thanks to Ralph, Thomas, Aman, and Dave for the info.

Click here for the update

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