Florida Continues to Lead in HECM Style Loans

As mortgage rates fell to the lowest level since September 2017, mortgage applications surged 26.8% last week, led by an increase in. (RTTNews) – Mortgage rates or interest rates on home loans went up after hovering around the same level for about three weeks, according to mortgage.

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Florida Continues to Lead in HECM Style Loans. Florida continues to lead house equity conversion mortgage (hecm) development among the top 10 sates, according to the most recent Reverse Market Insight report. Florida’s HECM volume was up 20.3 % in April year to date.

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The number of HECM reverse mortgage loans in Florida has increased 35% since 2014. 1 As one of the largest reverse mortgage lenders in the nation, Liberty Home Equity Solutions, Inc. (Liberty) has helped more than 1,100 Florida homeowners since 2011 2 discover how a reverse mortgage loan can help them access the funds they need to plan for a more secure retirement.

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