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Reverse Mortgage Rules - Other Classified Ads in Irvine

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A new rule that came into effect on April 25th when the FHA revised the HECM age eligibility requirements to extend protections to spouses younger than 62 year old. When the older borrower dies, the younger spouse may continue to live in the home (with no loan payments) as long as they pay their property taxes, homeowners insurance, and maintain the home to a reasonable level. HOA dues must also be paid if applicable.
June 6, 2017
Other
19200 Von Karman Ave. Suite 600, CA , Irvine, California
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mortgagewholesalers.com/reverse-mortgage/reverse-mortgage-rules/

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Reverse Mortgage Rules