|
This article from
National Mortgage News that features Mark Reeve, VP of Reverse
Mortgage for Plaza Home Mortgage®, shows that July saw more than
$1.4B in new HECMs, an 85% increase from the previous month, and a 30%
increase YoY. Low rates and other developments have added to HECMs’
attractions recently. “It’s a phenomenal time to look at home equity for a
source of income in this uncertain environment,” Reeve said.
|
