If you are a senior who is thinking about a reverse mortgage, I would love to chat with you regarding your options to improve your financial situation. Please feel free to contact me for more information.
A Home Equity Conversion Mortgage (HECM) is the formal name of the federally-administered loan that many commonly refer to as the 'reverse mortgage' loan. The Home Equity Conversion Mortgage is administered by H.U.D. (The Department of Housing & Urban Development) and may help qualified homeowners 62 and older, to enhance their cash flow during retirement.