11.07.2009
Effective Oct. 1, 2009, the Federal Housing Administration reduced the maximum loan amounts seniors could receive from a Reverse Mortgage. The reduction means a 10 percent cutback on the loan amount for all new FHA Reverse Mortgage loan applications. While this won’t impact borrowers with applications taken prior to October first, it is estimated that one in five new Reverse Mortgage applicants will now be unable to qualify for the loan.
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10.24.2009
This article was written by Branden who regularly writes for his blog FaithFitnessFinance.com.
Finding the freedom to spend
When it comes to being frugal, paying off debt, saving for retirement, and actively pursuing long-term financial goals, I am a zealot. You see, I’m a big picture kind of guy. I have a natural propensity to create savings [...]
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