FOA lowers rate, expands HomeSafe Second reverse mortgage into new states
Housing Wire
OCTOBER 31, 2024
This is in line with some other proprietary reverse mortgages and seven years lower than the age requirement for the Home Equity Conversion Mortgage (HECM) program offered by the Federal Housing Administration (FHA). But FOA contends that HomeSafe Second represents a better value proposition than a traditional HELOC.
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