Month: October 2016

The Financial Housing Authority’s Reverse Mortgage Program enables the consumers to withdraw money from their home equity. Some people use it as an emergency loan plan. Also known as Home Equity Conversion Mortgage, it is a source of money for many people, who use it...

When planning for retirement, homeowners may consider reverse mortgages to help round out their long-term finances. Also known as a home equity conversion mortgage (HECM), this type of loan is often overlooked due to several major misconceptions that surround it....