There are reports that HUD is planning on releasing a mortgagee letter that will decrease the pricipal limit on reverse mortgages by 10% on applications taken after Oct. 1 2009.
What this means that if you are even considering a reverse mortgage you need to act fast and get an application completed to qualify at the higher rate. Filling an application does not bind you to the loan, but allows you to qualify for the higher amount of cash.
Contact me immediatly and I can get a local rep out to help you have access to more equity in your home.
www.mireverse.com
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