Melanie Sedam, ReverseMortgage62AZ.com What is a Reverse Mortgage? Reverse mortgages were originally created in the 1980s to help Americans age 62 and older convert part of the equity in their home into money that could be used during retirement. Recent changes to the program have made it a more effective way for eligible homeowners to…
Tag: Dollars and Sense
Features, May 2019
Dollars and Sense
The Paseo Financial Group: is the HECM refinance mortgage controversial? It shouldn’t be Melanie Sedam The implication is that there is something amiss or wrong with the HECM program. There is absolutely nothing wrong with HECM mortgages. In fact, they are the most heavily regulated mortgages in the country, they require HUD counseling even before…