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Reverse Mortgage

Do New HECM Rules Hurt Seniors?

Do 2017 Reverse Mortgage Changes Hurt Seniors

2017 HECM Update I would like to extend a special thank you to a lender friend of mine who specializes in Home Equity Conversion Mortgages (HECM) for the following article. This is a topic that I am very interested in, and will continue to explore.  I will interview John in the future for more insight…

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How do Reverse Mortgages Work?

How do reverse mortgages work

What is a Reverse Mortgage? A Reverse Mortgage is a loan secured by a primary residence of 1 to 4 units or FHA approved Condominiums/Town homes made available to Senior’s who has attained the age of 62 or greater. Reverse Mortgages may also be referred to as HECM’s or Home Equity Conversion Mortgages (HECM). This…

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What is a Home Equity Conversion Mortgage?

What is a Home Equity Conversion Mortgage

Reverse Mortgage Maybe you’ve seen commercials on TV about Reverse Mortgages.  Mortgage companies offering this Government insured mortgage solution are famous for using Celebrity spokespeople to build awareness for this underutilized home mortgage loan program. A Home Equity conversion Mortgage (HECM), also known as a Reverse Mortgage, is government insured loan program offered by the…

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