Search Results for: hecm

Reverse Mortgage Home Purchase Loans Creates New Retirement Options for Seniors who Plan on Buying New Homes

The Home Ownership and Economic Recovery Act of 2008 made many considerable improvements to the Government regulated and insured Home Equity Conversion Mortgage or HECM reverse mortgage. Continue reading

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What should I know about reverse mortgages if I've never done one before?

A reverse mortgage loan is a special type of mortgage loan for seniors (generally age 62 and older) that pays a homeowner loan proceeds drawn from accumulated home equity. Continue reading

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Reverse Mortgage HECM Application

Reverse Mortgage HECM Application Please fill out every field in this contact form and a representative will contact shortly to discuss your reverse mortgage options. If you are curious why we can’t give you an estimate without speaking to you, … Continue reading

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Frequently Asked Questions

Frequently Asked Questions About Reverse Mortgages What is a reverse mortgage? A reverse mortgage is a loan that enables senior homeowners, age 62 and older, to convert part of their home equity into tax-free* income—without having to sell their home, … Continue reading

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Reverse Mortgage Glossary

Reverse Mortgage Glossary acceleration clause the part of a contract that says when a loan may be declared due and payable adjustable rate an interest rate that changes, based on changes in a published market-rate index appraisal an estimate of … Continue reading

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Fixed Rate vs Adjustable Rate

Learn About the Differences Between a Fixed Rate and an Adjustable Rate Reverse Mortgage Fixed Rate Home Equity Conversion Mortgage A fixed rate Home Equity Conversion Mortgage (HECM) provides you with comfort and security because it allows you to lock … Continue reading

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About Reverse Mortgage Group

About Reverse Mortgage Group At the Reverse Mortgage Group, we specialize in changing lives through maximizing cash flow for those aged 62 and better. Our single-minded focus on Reverse Mortgages, also known as Home Equity Conversion Mortgage (HECM), has allowed us … Continue reading

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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 Continue reading

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Your payout is tax free

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 … Continue reading

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