FHA Consumer Fact Sheet for HECM Reverse Mortgages
Reverse mortgages are becoming popular in America. HUD's Federal Housing Administration (FHA) created one of the first, the HOME Equity Conversion Mortgage (HECM). A HECM (also known as a reverse mortgage) is a federally insured loan that enables you to withdraw some of the equity in your home or use the loan proceeds to buy a new primary residence that you will occupy. The HECM is a safe alternative resource that can provide older Americans with greater financial security and independence. "Click Here to view"
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 | | Shaun Donovan, Secretary of HUD |
Great News! The Higher Lending Limit For Reverse Mortgages Has Been Extended Department of Housing and Urban Development released mortgagee letter 10 - 40 which extends the higher lending limit for reverse mortgages until September 30, 2011. "Click here to view" |
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Have detailed questions about Reverse Mortgages?
Attend a private on-line webinar and get your answers. Call Angella and schedule a convenient time for you. 1-866-949-7030 Google Video Chat about Reverse Mortgages: aconrard@gmail.com
SKYPE with Angella to discuss your Reverse Mortgage questions:
SKYPE: angella.conrard |
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RECOMMENDED READING |
Researching reverse mortgages?
Check out these consumer guides:
"Reverse Mortgages - what every financial advisor should know" by Jonathan Neal and "Reverse Mortgages four Dummies" by John Lucas |
