Reverse Mortgage Update.

Reverse Mortgage Update.

With the new year comes a change in reverse mortgage programs. As before, you must live in the home as your primary residence and must complete a financial assessment. But the maximum loan amount has risen from $822,375 to $970,800 as of January 1, 2022. The loan...
How Low Can They Go?

How Low Can They Go?

Mortgage interest rates have hit another record low. The average for a fixed rate 30 year loan dropped to 2.81% – the lowest in about the 50 years records have been kept. There have been 10 record lows so far this year, with the previous lowest one being 2.86%....