Current Loan Limits Extended

HUD has decided to extend the current loan limits of $625500 through the end of 2011. There had been talk about reducing the loan limits for HECM transactions to $417000. This would have resulted in hundreds if not thousands of seniors being forced to accept lower princible benefit calculations on their reverse mortgage loans. With rates low and a few months of the higher loan limits, now is a great time to consider your options for a reverse mortgage. Visit http://www.washingtonreverse.com/ for your free reverse mortgage analysis, list of HUD approved counselors, and many reverse mortgage consumer booklets.