Reverse Mortgage - Qualifications and Requirements

By Robert E Jones
What’s a Reverse Mortgage?
• A government insured program that enables senior homeowners to convert a percentage of the homes equity into cash, while retaining ownership.
Who is eligible?
• Homeowners who are at least 62 years of age.
• Properties include: Single Family Homes, Condos, Town Homes 1 to 4 unit dwellings and Manufactured Homes [...]

Posted Under: Qualifications
This post was written by John Andrew on January 21, 2009 Comments (0)

Top 10 Things to Know about a Reverse Mortgage

Reverse mortgages are becoming popular in America. HUD’s Federal Housing Administration (FHA) created one of the first. 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 [...]

Posted Under: Reverse Mortgage
This post was written by John Andrew on January 18, 2009 Comments (0)