http://www.bestreversemortgage.com/reverse-mortgage/hecm-originations-drop-in-late-december-says-hud/ The Unofficial Guide to Reverse Mortgages Fri, 4 Jul 2008 03:46:39 +0000 http://wordpress.org/?v=2.0.5 http://www.bestreversemortgage.com/reverse-mortgage/hecm-originations-drop-in-late-december-says-hud/#comment-2103 Thu, 17 Jan 2008 06:19:31 +0000 http://www.bestreversemortgage.com/reverse-mortgage/hecm-originations-drop-in-late-december-says-hud/#comment-2103 Greetings, I have a balance of 170K on a house that was apprased almost 2 years ago for 450K. I am 63, 3 lenders have indicated that that I would need 9k to close. 170 less the 200k max leaves 30k plus the 9k to close. Soooo, it's going to cost me 39K to do a section 255. Tell me what is wrong with this picture. Thanks, Gary Greetings, I have a balance of 170K on a house that was apprased almost 2 years ago for 450K. I am 63, 3 lenders have indicated that that I would need 9k to close. 170 less the 200k max leaves 30k plus the 9k to close. Soooo, it’s going to cost me 39K to do a section 255. Tell me what is wrong with this picture. Thanks, Gary

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