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Published: November 22, 2008
Reverse mortgages receive higher limits
Many older homeowners got some long awaited good news recently when the Department of Housing and Urban Development approved higher lending limits for reverse mortgages.
Now a home equity conversion mortgage, or HECM, can be federally insured up to $417,000.
Brien J. Brandenburg , a reverse mortgage specialist for Wells Fargo Home Mortgage , said that some of his clients have been waiting at least three years ...
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