Monthly Archives: January 2009
We are pleased to report that the economic recovery bill passed by the U.S. House of Representatives last night includes the provision we reported to you last week that would set the single national loan limit for the HECM program … Continue reading
Three of the top 10 markets in the country for reverse mortgages are located in Florida, according to an analysis of government data conducted by Reverse Market Insight. Related Posts:No Related Posts
We are pleased to announce that the draft of the economic recovery bill released by the House of Representatives late yesterday contains a provision, inserted in response to a request that came jointly from NRMLA and AARP, that would set … Continue reading
The Social Security Administration just announced a new application that allows qualified individuals to register for Social Security benefits online in as little as 15 minutes. The SSA will be hosting a free demonstration–Retire Online. It’s So Easy!–on January 29 … Continue reading
Michael Borba (President Borba Investments, Inc. dba MLS Reverse Mortgage)
Some companies would like you to believe that these specialized loans are so intricate and confusing that Seniors can’t decide what to do without having their hands held. What am I referring to?
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Written by: Michael Borba (Owner/Broker, MLS Reverse Mortgage, Auburn, Ca) Beginning January 1, 2009 FHA will began insuring reverse mortgage loans for Seniors to purchase homes. Reverse mortgages have traditionally been available for refinance loans in the past, provided the Senior … Continue reading
