Reverse Mortgages: 7 Common Misconceptions

Posted on Leave a commentPosted in Uncategorized

(TNS)—Federal Housing Administration-backed home equity conversion mortgages, or HECMs, are accessible to homeowners 62 and older. These reverse mortgage loans allow older Americans to tap into a portion of their equity to help supplement retirement income. With a reverse mortgage loan, homeowners aren’t required to make monthly mortgage payments, but do need to continue paying […]