Posts Tagged ‘Mortgage loan’
Reverse Mortgages! Eliminate Mortgage Payments, Access Cash
The Reverse Mortgage (A.K.A. HECM or Home Equity Conversion Mortgage) is a loan option that was designed by the Federal Housing Administration (FHA) to help those 62 and older use the equity in their home to beef up their retirement income. It works in reverse of the forward mortgage, with home equity diminishing over time…
Read More