Many seniors have significant home equity that could be used to help pay for everyday high expenses or medical bills. This financial product has received mixed coverage over the years, but in the right situation, it can make a lot of sense to tap into the equity in your home. The HECM program (short for home equity conversion mortgage) provides a great way to do this.
The FHA requires that all seniors receive counseling before taking out this loan. Contact us today and find out if a reverse mortgage is right for you!