Reverse Mortgage Refinance Basics
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- HUD has changed guidelines to insure long term credibility of RM program
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- No longer just “loan of last resort”
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- Retirement planning cornerstone: “no housing payment”
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- Paying off an existing mortgage can relieve chronic financial stress and improve your clients’ retirement outlook dramatically
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- 81% of all Reverse Mortgages sold now involve the Line of Credit (LOC) option