Tag: seniors

Home Equity Conversion Mortgages (HECM) Explained

A Home Equity Conversion Mortgage (HECM) is a type of reverse mortgage that allows people to access their home’s equity and take cash out for a variety of purposes. The HECM was created by Congress in 1992 and has been used by seniors since then to help them pay for expenses related to aging, such… Continue Reading

Reverse Mortgages – Myths and Truths

Reverse mortgages are very misunderstood mortgage programs. In part, this is due to myths or misconceptions about this very useful program. Many of the myths about Reverse Mortgages are so entrenched with the public that it is very difficult for them to have a change of mind or heart. This is the case even though… Continue Reading