Everything you need to know about the FHA Insured HECM* Reverse Mortgage and how
most homeowners use it to Stay In their Home
You will find all the information that you’ll need to make an educated decision
about what HECM is right for you. You will learn what a Reverse Mortgage is, understand how it works, and see how this FHA HECM Program
can best suit your needs.
Stay In Home Mortgage is currently the largest independent reverse mortgage broker
in Washington, Oregon and Idaho. Stay In Home is also recognized as a Top 10
FHA Endorsed Reverse Mortgage
Provider including other states such as California, Arizona, Nevada, Hawaii, New
Mexico, Utah, Florida, North Dakota, Minnesota, Michigan, Alaska and Colorado.
We attribute this success to our Senior Home Advisors who first help by
educating you, the homeowner, on the value of a FHA Insured HECM Mortgage
to Stay In Your Home as long as you live in your home.
*The Home Equity Conversion Mortgage (HECM) is the Government’s version of the reverse
mortgage and 100% FHA Insured.
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BLOG DISCUSSION TOPIC:
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January 14, 2010
Enactment of ML 2009-28, Appraiser Independence, will be delayed until February
15, 2010. ML09-28 (originally planned for January 1, 2010 implementation) has two parts: a) prohibition of mortgage
brokers and commission-based lender staff from the appraisal process, and b) appraiser selection in FHA Connection.
The effective date date for both sections of this guidance will now take effect for all case number assigned on
or after February 15,2010...
Continue reading on our Blog
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“The reverse mortgage has made our lives less stressful and
we were able to do some home improvements. This is the only way for people of
our age to feel free from bills they may have, it’s a shame more people don’t
know about the benefits of a reverse mortgage. After all, it’s their money to
use however they feel like. It’s a wonderful freedom! Thank you so much!”
-Karen Nelson, LINCOLN CITY, OR