As we move into 2023, it's important to stay informed about the latest mortgage limits for different types of loans. If you're considering a reverse mortgage in Idaho, you may be wondering what the new mortgage limits are for the coming year. In this blog post, we'll explore the 2023 mortgage limits for a reverse mortgage in Idaho and what they mean for homeowners.

2019 Reverse Mortgage or HECM loan limits

Mortgage rates are on a cusp of jumping quite a bit higher, as the 10 year Bond and the Mortgage Bonds are close to making a jump, which would allow rates to jump in to the mid 5%.  We are going to watch Federal Reserve decision on Thusday, not for a rate increase, but for what their policy statement is.  Then on Friday we will have Producer Price Index, or inflation at the producer level, and also this week the US is going to sell of more of our debt, which will influence rates also.  Gonig to be another roller coaster week for rates, with the consensus that rates will increase.

VA Veterans are allowed to purchase another home, if they have enough entitlement.  Also Reverse Mortgage for purchase and closing costs question answered.

In this blog:
Rates up this week
RE-10
RD and Kuna
Reverse Mortgage

In this Blog:
Rates slide this week.
Esiging Documents
Reverse Mortgage