FHA Reverse Mortgage Counselors

FHA Reverse Mortgage Counselors

If you are interested in a reverse mortgage there are a few basic things you should know first beforehand. First, you should know that a reverse mortgage is also known as a Home Equity Conversion Mortgage, abbreviated as HECM, pronounced “heck-um”. The reverse mortgage is for homeowner’s 62 or older who have a mortgage on their home or own their home free and clear. Here are five other basics of a reverse mortgage for you to know. The process is easy – One Reverse Mortgage has …

Information on FHA home loans

Information on FHA home loans

Our Blog - Lensis Builders, Inc. | Northern Virginia Remodeling

FHA reverse mortgage insurance

FHA reverse mortgage insurance

There are many programs and home loan products that allow homeowners to take advantage of the equity they ve built up in their homes. One resource qualified FHA mortgage holders have at their disposal is the Home Equity Conversion Mortgage (HECM) loan, also known as an FHA reverse mortgage. FHA HECM loans are like other home equity loans--they let you cash in on part of the value a home has built up over the years. But the FHA reverse mortgage is unique because FHA borrowers don …