HUD/FHA Reverse Mortgages. Stimulus Package Helps Seniors Get More from Reverse Mortgages.


	HUD/FHA Reverse Mortgages Stimulus Package Helps Seniors Get More from Reverse Mortgages
Congress Extends Reverse Mortgage Lending Limits to $625,500 through December 31, 2010

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What is a Reverse Mortgage? Reverse Mortgages allow a homeowner to convert a portion of the value in their home into cash. No repayment is required until their home is no longer used as their principal residence. Live Operators - Call Toll Free (877) 712-3049
Who Can Qualify for a Reverse Mortgage?
	All Borrowers MUST BE 62 years of age, or older
	Must occupy the home as your principal residence
	No credit, income or health requirements to qualify
	Social Security & Medicare benefits are not affected
	No Taxes are paid on Cash from Reverse Mortgages
	Cash may be used for any purpose, no restrictions

HUD Reverse Mortgage Information

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Additional Comments


	Reverse Mortgages are Guaranteed by the Federal Government HUD's Federal Housing Administration (FHA) created Reverse Mortgages, known as HECM's, Home Equity Conversion Mortgages. The HECM Loan is a Safe Government Backed Program.
	Since your home is probably your largest single investment, you should know more about all of your options to decide if a Reverse Mortgage is right for you. Consult your family and advisors.

HUD Reverse Mortgages are Guaranteed by the Department of Housing and Urban Development and Insured by FHA

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