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1st Reverse Financial releases new jumbo reverse mortgages
1st Reverse Financial releases new FHA reverse mortgageMortgagePress.comHECM,mortgages
1st Reverse Financial Services LLC has released a reverse
mortgage program insured by the Federal Housing Administration
(FHA), called the HECM Pathway, designed to assist borrowers in
situations where receiving little or no proceeds after settlement
or needing to bring funds to closing would create a hardship.
The HECM Pathway is a Home Equity Conversion Mortgage (HECM)
that carries with it the full protections, payout methodologies and
features of all other HECMs insured by the Federal Housing
Administration.
Westmont, Ill.-based 1st Reverse Financial Services LLC is a
subsidiary of Family Federal Savings of Illinois, a federally
chartered thrift. For more information, call (877) 574-1000 or
visit www.1streverse.com.
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