Your credit really isn't important when qualifying for a Home Equity Conversion Mortgage (HECM) also known as a Reverse Mortgage. Neither is income. If you or your spouse is a min of 62
Is The Interest Rate On A Home Equity Conversion Loan Competitive
This loan sounds too good to be true. What is the catch?
Am I going to get 'dinged' because I don't make an interest payment?
Here are the basics:
one borrower must be a min of 62 years old
put as little as 40% down on your home
keep paying Taxes, Insurance and HOA
and never, never make a mortgage payment again.
My goal is to assist you in finding the community and the home within that community where you will be happiest and to do it in as stress free a manner as possible. Together we will discover a place w....
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If I am not makng ahouse payment,and interest is acrewing...How long does it take for the equity in my home to get used up?In this converation, we disucss how long it takes for the equity to be