April 29th, 2009
How many reverse mortgages or reverse mortgage products are available? And what are the differences between them?
There are three different reverse mortgages available on the market today
There are three different reverse mortgages available on the market today
Reverse Mortgages are 100% federally regulated. The department of Housing and Urban Development, or HUD, and the Federal Housing Administration, or FHA, has designed and regulated all HECM Reverse Mortgages. These are the most popular Reverse Mortgages.
Reverse mortgages are extremely flexible. You can receive a lump sum, a line of credit, or [...]