In addition to FHA-backed HECMs, Finance of America offers HomeSafe Standard, a jumbo reverse loan for as much as $4 million, and HomeSafe Second, a second-lien mortgage for up to $1 million that ...

they can simply take out a new mortgage on the house to pay off the balance of the reverse mortgage. This is much like refinancing the loan as the original borrower. The heirs can then use the ...

Maybe you need to tap your home’s equity for cash, get out of paying private mortgage ... finance and much more. Delivered daily. Enter your email in the box and click Sign Me Up.

Rate-and-term refinancing Streamline refinancing Cash-out refinancing Reverse ... up to as much as 6% of your loan total. After closing, your lender will pay off your existing mortgage and provide ...

A reader has done her homework but is still not sure whether or not a reverse mortgage is for her ... you are not required to pay back any of the loan (as long as you live in the home).