July 25, 2008

As of this date there are just a few Reverse Mortgages being offered.

1. The standard HECM based on the CMT or the LIBOR index

****The Mortgage reform bill was passed and raised the national county  limit to $417000 and higher in some areas.***

2. Simple Equity offered by CountryWide Reverse (now part of Bank of America) for homes worth more than $500,000*

3 The Fannie Mae Home Keeper Reverse Mortgage