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Higher Reverse Mortgage Limits to Stay Put Through 2010

Posted on October 30, 2009 by Julius

Yesterday Congress passed an extension to the $625,000 national loan limit for reverse mortgages through December 31, 2010.  If Congress had not passed this extension then  loan limits for the Home Equity Conversion Mortgage (HECM), or reverse mortgage, would have returned to $417,000 at the end of the year.

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