August 24th, 2011 8:42 AM by Juan Luis Rodriguez-Kohly
Well, a couple of days ago it was announced by HUD the the Reverse Mortgage Maximum Loan Limit of $625,500 will be extended until December 31 2011.
This is a welcome temporary reprieve for the senior homeowner with homes valued today at more than $417,000. IT IS TEMPORARY, December 31 is just around the corner.
Still we have to see what other changes HUD comes up in October. Keep your fingers crossed
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