Do you remember in 2008 what had happened before and after the housing market bubble? The market was going up, home values were increasing, and we had low unemployment rates before the bubble crashed. Before the crash, w...
The HECM for Purchase (H4P) is a reverse mortgage loan insured by the Federal Housing Administration (FHA) that allows seniors to use the equity from the sale of a previous residence to buy their next primary home in one transaction.
Find out more about the HECM Line of Credit!
Learn three basics about reverse mortgage loans and discover if a reverse mortgage loan is right for you.
Most, but not all, reverse mortgages today are federally insured through the Federal Housing Administration’s Home Eq...
If you are 62 or older and own your own home ask yourself this question: Am I living in the home I have always dreamed of? If you can say YES to this question, then terrific. Read our next blog on the Reverse Mortgage Line of Credit. If no… then you are in for a pleas...
What is a Reverse Mortgage?
A HECM (Home Equity Conversion Mortgage), the
most common type of reverse mortgage, is a way
to turn a portion of the equity in your home into
tax-free* cash without having to make mortgage
payments. Instead of mortgage payments, the loan
If you’re a homebuyer age 62 or older, there’s a
program that can help you purchase your ideal
retirement home. The following information will help
you understand the details of the reverse mortgage
for purchase program.