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
What Is A Home Equity Conversion Mortgage And Could It Be Right For Me
A Home Equity Conversion Mortgage or HECM, is also referred to as a Reverse Mortgage.
If you or your spouse are a min of 62: you are on your way to qualifying.
This loan requires that you put as little as 40% down, financing the balance, and never making a mortgage payment as long as you or your spouse reside in the home.
I call this the lifestyle loan.
It allows for you to keep more of your money allowing for you to live the retirement lifestyle you desire.
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....
Latest Blog Posts
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