Can you Afford to Age in Place?

Many retirees like the idea of staying in their homes as long as possible. Staying in a familiar place where you can stick to your routines can be comforting. However, the reality of staying in your home might not quite match up to the fantasy. As time passes, additional costs and concerns can crop up. Here’s what you…

On December 14, 2018, FHA issued Mortgagee Letter 18-11, effective for forward mortgage case numbers, and Mortgagee Letter 18-12, effective for Home Equity Conversion Mortgage (HECM) case numbers, assigned on or after January 1, 2019. These Mortgagee Letters provide the mortgage limits for Title II FHA-insured forward mortgages and the maximum claim amount for FHA-insured…