Nov. 14, 2008 - Starting January 1, 2009, FHA will begin to insure reverse mortgage loans for purchases.  What does this mean?  Senior borrowers age 62 and over can now purchase a home using a reverse mortgage rather than a traditional forward mortgage. This is great news to seniors who have had a desire to purchase a new home but felt they could not either due to their credit, their income, they did not want to have to start making payments again at this stage in their live Read more....