Category Archives: Reverse Mortgage

Reverse Mortgage

Reverse Mortgage Rules are Changing: Two Case Studies

The basic principles of reverse mortgage, technically named Home Equity Conversion Mortgage (HECM – pronounced “heck-um”) are actually pretty simple. It’s a home equity loan that lends between 50%-60% of property value (highest value capped at $625,500), on qualified property types, to age-qualified borrowers and provides flexibility to the borrower to pay...
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Top Ten Reverse Mortgage Myths

A reverse mortgage enables homeowners 62 and older to convert part of the equity in their homes into cash without having to sell the home, give up title, or take on a new monthly mortgage payment. The homeowner continues to pay insurance and taxes, live in and maintain the home.

Top Ten...

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