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HECM loans are Home Equity Conversion Mortgages. More commonly referred to as reverse mortgages, they are part of a government mortgage program for seniors. HECM loans allow seniors to pull cash from the equity in their home to pay for everyday expenses.
Find out more about HECM loans to see if the program is right for your needs. Although seniors may have the option to refinance, they may not have the income to pay back the refinance. If you are interested in an HECM loan, contact a reverse mortgage lender who is also an FHA approved lender.
The lone star state does not allow senior homeowners to use the reverse mortgage program for purchasing a home. Legislation is getting in the way of much needed relief, find out more about the program and what benefits it offers to seniors living in Texas.
Senior homeowners, 62 years and older, do not have many options for cash in a bad economy. Find out how the reverse mortgage program can assist seniors with their finances without any payments and while still living in their home.
This FHA insured government program offers safety and security to senior citizens. Although there are many misconceptions about the the program and its benefits, it has been helping seniors for decades. Find out what a reverse mortgage is and how it can be used to provide seniors with financial relief.
