Maggie's Reverse Mortgage Blog : February 2009

HECM Lending Limits or maximum claim amount to go to $625,500!

As at the time of writing, the President has signed the Economic Stimulus package, part of which includes the provision for the HECM limit to increase to $625, 500 for the balance of 2009. THis is great news for homeowners in higher value homes as they can get more value from their home equity.

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Comment balloon 1 commentMaggie O'Connell • February 18 2009 01:27PM
HECM Lending Limits or maximum claim amount to go to $625, 500!
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As at the time of writing, the President has signed the Economic Stimulus package, part of which includes the provision for the HECM limit to increase to $625, 500 for the balance of 2009. THis is great news for homeowners in higher value homes as… more