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]]> http://whatifflorida.com/2008/10/29/reverse-mortgages-limit-rises/comment-page-1/#comment-191 Credit Crunch » REVERSE MORTGAGES LIMIT RISES Thu, 30 Oct 2008 02:25:02 +0000 http://whatifflorida.com/?p=145#comment-191 [...] Professional Finance Article Site: On this site, you can find all the related finance articles. You ... wrote an interesting post today onHere’s a quick excerpt On Nov. 1, the limit on FHA-backed reverse mortgages, dubbed Home Equity Conversion Mortgages (HECMs), rises to $417,000 nationwide. The new rules will institute a 2-percent cap on origination fees for the first $200,000 of the loan amount or a 1-percent ceiling for higher amounts, with a $6,000 inflation-adjustable limit. Additionally, seniors will be allowed to use such loans to purchase a new property and extract equity from co-operative properties, and lenders will no longer be allowed to s [...] [...] Professional Finance Article Site: On this site, you can find all the related finance articles. You … wrote an interesting post today onHere’s a quick excerpt On Nov. 1, the limit on FHA-backed reverse mortgages, dubbed Home Equity Conversion Mortgages (HECMs), rises to $417,000 nationwide. The new rules will institute a 2-percent cap on origination fees for the first $200,000 of the loan amount or a 1-percent ceiling for higher amounts, with a $6,000 inflation-adjustable limit. Additionally, seniors will be allowed to use such loans to purchase a new property and extract equity from co-operative properties, and lenders will no longer be allowed to s [...]

]]> http://whatifflorida.com/2008/10/29/reverse-mortgages-limit-rises/comment-page-1/#comment-190 » REVERSE MORTGAGES LIMIT RISES Thu, 30 Oct 2008 02:03:48 +0000 http://whatifflorida.com/?p=145#comment-190 [...] Read the rest of this great post here [...] [...] Read the rest of this great post here [...]

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