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There’s Still Time for a Reverse Mortgage
April 20, 2015 – After some delays, the financial assessment for reverse mortgages will finally begin on April 27th, 2015. Under current rules, borrowers are not required to provide income history or credit score information….
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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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