Jumbo reverse mortgages can work well for highly valued homes

We recently added an article on Jumbo reverse mortgages. Jumbo reverse mortgages, which can often be a good program for those with homes valued at over 2 million dollars, are a proprietary product. The fees may be higher and the percentage of the value of the home that the borrower can get is generally lower than in an FHA-backed reverse mortgage. However, for some borrowers, a Jumbo reverse mortgage can still provide a greater amount of proceeds than  an FHA-backed HECM. You can view the article at http://www.reversemortgageguides.org/reverse_mortgage/jumbo_reverse_mortgage

This entry was posted on Friday, May 29th, 2009 at 2:40 pm and is filed under Consumer News. You can follow any responses to this entry through the RSS 2.0 feed. You can skip to the end and leave a response. Pinging is currently not allowed.