• West Palm Beach Mortgage Lender – Christian Penner – Mortgage Broker West Palm Beach – 561-316-6800
  • West Palm Beach Mortgage Lender – Christian Penner – Mortgage Broker West Palm Beach – 561-316-6800
  • West Palm Beach Mortgage Lender – Christian Penner – Mortgage Broker West Palm Beach – 561-316-6800
  • West Palm Beach Mortgage Lender – Christian Penner – Mortgage Broker West Palm Beach – 561-316-6800
  • West Palm Beach Mortgage Lender – Christian Penner – Mortgage Broker West Palm Beach – 561-316-6800

Reverse Mortgage Loan Limits have Gone Up Starting in 2017

Reverse Mortgage Loan Limits have Gone Up Starting in 2017 Higher Reverse Mortgage Limits Coming in 2017 Starting in 2017, lending limits for government-backed reverse mortgages will increase, allowing borrowers the opportunity to access more of their home equity than ever before. The vast majority of reverse mortgages are federally-insured Home Equity Conversion Mortgages (HECMs) that are backed by the Federal Housing Administration. These loans allow homeowners age 62 and older to convert

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The Real Deal: Is FHA reviving its condo financing?

The Real Deal: Is FHA reviving its condo financing? Could the Federal Housing Administration (FHA) finally be opening its doors again to financing more condominium units? If so, that could be excellent news for young, first-time buyers and for seniors who own condo units and need a reverse mortgage to supplement their post-retirement incomes. Here’s why: FHA financing offers not only 3.5 percent minimum down payments but is far more lenient than other

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Palm Beach County Mortgage Interest Rates Could Become a Missed Opportunity

Palm Beach County Mortgage Interest Rates Could Become a Missed Opportunity West Palm Beach’s mortgage interest rates have been so low for so long that there is the definite possibility that the real value they represent—for both Palm Beach County home buyers and sellers—may now be being taken for granted. It’s only natural. If you believe that past history is the best predictor of future performance, last January’s common wisdom that mortgage

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[Update] FHA Gives New Options for Reverse Mortgage Non-Borrowing Spouses

[Update] FHA Gives New Options for Reverse Mortgage Non-Borrowing Spouses The Federal Housing Administration (FHA) today issued new guidance for under the Home Equity Conversion Mortgage (HECM) program, allowing lenders the option to delay foreclosure of non-borrowing spouses, according to a new Mortgagee Letter. The guidance presents an option, not a requirement for lenders, meaning that existing non-borrowing spouses may have new protections under certain circumstances.   “FHA’s new guidance will allow reverse mortgage lenders

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Christian Penner , - - - - - North Palm Beach , FL 33408 United States
Phone: (561) 316-6800 Email: TheMortgageTeam@ChristianPenner.com
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