Reverse mortgage loan limit temporarily increased

It's a great time to consider refinancing your reverse mortgage.* The federal government recently passed legislation that temporarily increases the national loan limit for the Home Equity Conversion Mortgage (HECM) to $625,500. It may now be possible for you to access additional funds by refinancing your existing reverse mortgage. A Bank of America reverse mortgage solution advisor can provide information and answer questions to help you decide if refinancing is right for you.

Don't have a reverse mortgage?

It's also a great time to apply for a reverse mortgage. With the temporarily increased loan limit, you could now get even more out of your home's equity.

Limited-time availability

The new national loan limit for the Home Equity Conversion Mortgage (HECM) remains in effect through Dec. 31, 2009. Click the Contact Me button to have a Bank of America reverse mortgage solution advisor call you with more information.

* Please consult a tax advisor

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Purchase program not available in TX. Property Insurance is required, flood insurance when necessary. Borrower is still responsible for paying ongoing property taxes. Credit is subject to age and property qualifications. Program, rates, fees, terms and conditions are not available in all states and subject to change. Please contact Bank of America for more information.

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