Industry News

Reverse mortgages to have higher loan limits in 2006

Seniors will be able to convert more equity into income, group says
Published on Dec 8, 2005

Get Inman via Facebook Messenger
Our top headlines delivered once a day.
by CareyBot

Next year, older homeowners will be able to convert a greater part of the equity in their homes into tax-free income using a reverse mortgage because of new higher loan limits, a reverse mortgage group said Wednesday. The increases will ...