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In December it was announced that the loan limits for Reverse Mortgages insured by FHA would continue to be $625,500 despite the fact that conventional mortgages are still $417,000.

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We’ve just signed up with a new reverse mortgage lender who is providing a fixed rate that is the lowest in the industry….5.56% fixed….You must access your total line amount so it makes it perfect for those who have a mortgage to pay off or are in need of a large sum of money at closing.

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