What is an advantage reverse mortgage loan?

May 6, 2016

FHA-insured Home Equity Conversion Mortgages (HECM) have a loan limit of $679,650 (updated January 1, 2018), regardless of the borrower’s home value. Advantage reverse mortgages are loans that allow qualified borrowers to obtain a reverse mortgage on qualifying properties. In 2015, AAG began offering these reverse mortgage loans, in a growing number of states.

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