Greetings everyone. It is Thanksgiving week and I wanted to wish everyone a Happy Thanksgiving as you gather with family and friends. We have so much to be thankful for. These past few years have been tough with all of the financial meltdown happenings. It does not seem to want to end either. About the time we think its getting better, news of another crisis looms ahead. Now the global markets are struggling to get propped up by new loans. I pray for better days ahead.
Reverse Mortgages are gaining some momentum as homeowners are looking for ways to prop up their portfolio and minimize withdrawals from them. Financial planners are recommending to their clients that by tapping into one’s home equity can preserve portfolios and give them time to increase in value as markets improve.
FHA lending limits are being set at their old value of $625,500. This limit will stay in place until at lease December 31, 2013. That is a relief for homeowners who have higher value homes. Call me 510.701.2167 or email me Marty@MartyAppel.com and lets discuss your situation. If you have parents who may need a Reverse Mortgage, rest assured I will provide the best service to them.
Until next time, enjoy your Thanksgiving.