Reverse Home Mortgage Lenders, Massachusetts, Connecticut

Westwood, MA - In an effort to help mature Americans manage the high cost of retirement, Congress has approved landmark legislation that will make the federally insured Home Equity Conversion Mortgage (HECM) more attractive than ever.

The FHA HECM allows homeowners age 62 and over to access the equity in their homes to receive tax-free cash in retirement. More and more mature Americans are using this federally insured program to get the extra money they need to cover rising home repair, healthcare, fuel, and other costs - and maintain ownership of the home they love.

More benefits for FHA HECM borrowers are here.
The new legislation approved by Congress and signed into law by the President is going into effect November 1. 
It makes HECMs more attractive than ever by offering these significant improvements:

• Reduced origination fees
• Access to more tax free cash. FHA County Loan Limits have been increased to $417,000 nationwide
• The ability to use a HECM to purchase a home (coming January 1, 2009)
• Arm's length third party counseling - NOT paid for by the lender
• Prohibitions on the purchase of annuities or other financial products
• And more...

To learn more about how these changes may help you manage your retirement, 
call Your Home For Life^sm at 800-690-6646 or visit us on the web at www.yourhomeforlife.com.