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is there a cut of for the reverse morgages

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Icon Mini Profile april_1977





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Post Posted: Fri Oct 09, 2009 10:21 am    Post subject: is there a cut of for the reverse morgages
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Please email me and let me know if there is in fact a cut off time for the reverse mortgages. I heard thar the cut off is December 31, 2009. Thank you.
Icon Mini Profile shane
shane


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Post Posted: Fri Oct 09, 2009 12:53 pm    Post subject:
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There is currently no cut off time to obtain a reverse mortgage, HUD administers the program and has not announced that they are ending it.
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Icon Mini Profile sunnyca2009





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Post Posted: Fri Oct 09, 2009 5:27 pm    Post subject:
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Thats true

There is no cutoff for the reverse mortgage. But there is some news that the amount of reverse mortgage percentage is goign to eb reduced

Here it is

http://www.mortgagefit.com/news/fha-reverse-loan.html
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