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Reverse Mortgage News: Financial Assessment Postponed Until April
March 2nd, 2015 – Previously, the Department of Housing and Urban Development (HUD) had announced that a new financial assessment would be added to the reverse mortgage process. However, at the end of February, it…
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New Financial Assessment Will Make Reverse Mortgages Harder, Not Impossible
February 2, 2015 – New changes to reverse mortgages will begin March 2nd*, which will now add an additional step to the application process for borrowers. A financial assessment will be now put into place,…
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Reverse Mortgage News: Financial Assessment Begins March 2nd, 2015
Much speculation about the date of the implementation the financial assessment by the FHA has been circulating for some time, but recently, there has been huge updates to the reverse mortgage programs coming soon! Beginning…
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