A surviving non-borrowing spouse is the spouse of a deceased HECM borrower, who was not named as a borrower in the original loan application and legal documents ...
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The Department of Housing and Urban Development (HUD) permits eligible Non-Borrowing Spouses* the opportunity to continue to live in the mortgaged property ...
The HECM is the FHA's reverse mortgage program that enables you to withdraw a portion of your home's equity to use for home maintenance, repairs, or general ...
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You can search online for a HECM counselor or call (800) 569-4287 toll-free. There are borrower and property eligibility requirements that must be met. You can ...
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Sep 23, 2019 · webpage at: https://www.hud.gov/program_offices/housing/sfh/hecm/surviving_non_borrowing_spouse. FHA Announces the Continuation of Home ...
Single Family Housing Policy Handbook 4000.1 · HECM Model Loan Documents · Current HECM Financial Assessment and Property Charge Guide (case numbers assigned on ...
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Apr 8, 2020 · If the spouse is younger, they can be listed as a non-borrowing spouse on the application, according to the Department of Housing and Urban ...
Reverse mortgages can be a handy tool for seniors wanting to access the equity in their home while remaining in that home. But for many seniors, the promise ...
Coronavirus Pandemic Prompts Temporary Relief in Reverse ...
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Apr 26, 2020 · Most reverse mortgages are federally-insured HECMs. The U.S. Department of Housing and Urban Development (HUD) manages the HECM program and ...
Oct 28, 2018 · • https://www.hud.gov/program_offices/housing/sfh/hecm/hecmabou · • https://www.hud.gov/program_offices/housing/sfh/hecm · • https://www.hud.gov ...