Boston condos

Boston condos

The Federal Housing Administration plans to impose new restrictions on reverse mortgages starting next year (i.e. tomorrow).

The move will put a small crimp in the sales of homes by seniors, but it won’t really impact the overall housing inventory, as far as we can tell. Remember: Most reverse mortgages, by design, are structured to allow seniors to stay in their homes until they pass away or move for whatever reasons.

But there are two people who definitely will be impacted by the restrictions: Reverse-mortgage pitchmen Robert Wagner and Henry “The Fonz” Winkler.

File under: Crocodile Shed tears

Boston condos for sale:

Back to Boston condos for sale homepage

Contact me to find out more about this property or to set up an appointment to see it.

Boston condos

Boston condos for sale

SEARCH FOR BOSTON CONDOS FOR SALE

For more information please contact one of our on-call agents at 617-595-3712.

Updated: January 2018

Comments

comments

Call Now