The Top 6 Misconceptions You May Have Heard About Reverse Mortgages
In this article I’ll will ONLY discuss the FHA-insured and regulated Home Equity Conversion Mortgage, or HECM. The HECM is the most common reverse mortgage in the United States today. If a friend, relative, or neighbor got a reverse mortgage, it’s very likely they got a HECM. Misconception #1: “A reverse mortgage is only for broke … Read more