Because interest rates remain low, you are able to maximize the amount of equity you can get from a Reverse Mortgage. In addition to that, it was just announced that the mortgage loan limit and maximum claim amount for a Home Equity Conversion Mortgage (HECM) will remain at $625,500 through December 31st. HUD originally increased this amount from $417,000 in February, 2009, allowing homeowners with higher valued homes to access more equity. Everyone in the industry is hoping this higher amount will be retained beyond December 31st, but there is no guarantee. So if you own a home, especially if it's valued over $417,000, now is the time to research how much you could access from a Reverse Mortgage. The higher loan limit, coupled with the low interest rates will ensure that you will have access to more money. Even if you don't have an immediate need to use all of the money that you are eligible for, you can lock in the amount now so that it is available to you at any time you need it. Even if the limits decrease or rates increase, if you put a reverse mortgage in place now, you will not be impacted. Call Mandy at 860.919.0978.