Hawaii Jumbo Reverse Mortgages have dropped into the high 5% range down from 7.99%. If in the past you could not take advantage of all the benefits a reverse mortgage due to a high property value or you condo complex was not FHA insured a Jumbo Reverse Mortgage might be an option. These new reverse mortgage programs also do not require additional monthly mortgage insurance as required on all government HECM Reverse Mortgage programs. With the additional savings of the monthly mortgage insurance, lower rates and higher loan to values the new jumbo programs may be right for you. Call and speak to a licensed Reverse Mortgage Loan officer to see if you might qualify.
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AuthorHawaii Reverse Mortgage Specialist. Reverse Mortgage Hawaii |