Reverse Mortgage Blog

No Costs Reverse Loans

August 2, 2019

The FHA HECM reverse loan has the reputation for being expensive, but is there the possibility to get a loan without any costs or fees? See what I wrote about that in the following link and how that potential is calculated. https://www.reverseloanconsultant.com/

Lorraine Jones

Tags: REVERSE MORTGAGES, REVERSELOANCALCULATOR, SENIORS, MONEY

This material is not provided by, nor was it approved by the Department of Housing & Urban Development (HUD) or by the Federal Housing Administration (FHA). It is not intended to be a substitute for legal, tax or financial advice. Consult with a qualified attorney, accountant or financial advisor for additional legal or tax advice.

*There are some circumstances that will cause the loan to mature and the balance to become due and payable. The borrower(s) must continue to pay for property taxes and insurance and maintain the property to meet HUD standards or risk default. Credit is subject to age, minimum income guidelines, credit history, and property qualifications. Program rates, fees, terms and conditions are not available in all states and subject to change.

Lorraine Jones

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