Reverse Mortgage 101
New to the HECM reverse mortgage? No problem! The articles linked below cover the basics, common myths and misconceptions, the history of the reverse mortgage, common terms, and case studies based on real-world scenarios.
You’ve probably heard the rumors, but what is a reverse mortgage really? We’ll get you up to speed on the most important reverse mortgage basics here.
Mystified by a reverse mortgage? We’ll cover how a HECM reverse mortgage really works. Learn the stuff most lenders don’t bother explaining to you.
The reverse mortgage has been around longer than you may realize. Learn the history of the reverse mortgage and how it evolved into what we know today.
The reverse mortgage comes with a vocabulary all it’s own. Learn the most common terms and meanings with our reverse mortgage glossary.
- April 20, 2016https://youtu.be/NkJiJC7SylU Updated 9/8/2020. You may have heard or seen the acronym in commercials or online, but what is a HECM exactly? How does it work? HECM (which is often pronounced heck-um by industry insiders) stands for Home Equity Conversion Mortgage, which is …
- April 12, 2016An FHA-insured HECM reverse mortgage is not perfect for everybody, but it can be a great financial tool for the right candidate. Unfortunately, many seniors who could benefit from a reverse mortgage never take advantage of one because of the numerous reverse mortgage myths …