Reverse Mortgages

Reverse mortgages have gotten safer and cheaper but aren’t for everyone

by davesingery September 21, 2017 Latest News

Dear Liz: I have been making interest-only payments on a home equity line of credit but starting in January the payments will increase to include principle. I would like to do a cash-out refinance of my first mortgage (I owe about $190,000) to pay off the HELOC (on which I owe $140,000). My home is […]

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Top 10 Things to Know if You’re Interested in Doing a Reverse Mortgage

by davesingery February 20, 2014 Latest News

The Home Equity Conversion Mortgage (HECM) is FHA’s reverse mortgage program, which enables you to withdraw some of the equity in your home.  The HECM is a safe plan that can give older Americans greater financial security. Many seniors use it to supplement Social Security, meet unexpected medical expenses, make home improvements and more.  You […]

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