washington mutual mortgage

The U.S. Department of Housing and Urban Development publishes a Mortgagee Letter 2008-34 as the new lending limits for the calculation of reverse-German loan for seniors. Previously, the limit to $ 362,790 in the greater metropolitan areas with smaller amounts that are based on individual counties and their average housing costs down.
With the passage of the Housing and Economic Recovery Act of 2008 has been created and new frontiers in a single, national loan limit without distinguishing between states or county in made. Within this Act, it was also a restriction on the emergence of loan fee, which historically 2% of the borrowing limit was.