What To Expect From HECM Counseling

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Before taking out a home equity conversion mortgage (or HECM) loan, you’re required by law to take part in a third-party counseling session with a government-approved housing counselor. Knowing what to expect from HECM counseling is meant to help you and other potential borrowers be fully versed in all the options available, be educated on […]

HECM For Purchase Exceptions to Remember

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A Home Equity Conversion Mortgage (HECM), or reverse mortgage, allows homeowners age 62 and older to tap into their home’s equity. The funds can be used to supplement retirement income, travel or for any number of other purposes while allowing the homeowners to remain in the home as long as they like. But, what about someone […]