Exciting news for the reverse mortgage industry! The FHA has finalized updates to debenture interest rates for Home Equity Conversion Mortgages (HECMs).
The changes aim to enhance fairness and address financial challenges faced by lenders, potentially making reverse mortgages a more viable option for seniors looking to leverage their home equity. These updates mark a significant step forward in stabilizing the market and increasing accessibility for borrowers. Learn more about what this means for your senior borrowers!
For expert guidance and support in exploring more ways to market reverse mortgages and help your clients access their home equity, email reverse@plazahomemortgage.com.
