by David Steinbrugge
Certainly! – **What’s a Reverse Mortgage?** A reverse mortgage, specifically a Home Equity Conversion Mortgage (HECM) for Purchase, lets seniors 62 or older buy a new home by using the loan proceeds from the reverse mortgage. – **HECM vs. Traditional...
by David Steinbrugge
Once Controversial Reverse Mortgages Gaining Acceptance in Gresham Though some people remain skeptical of reverse mortgages, many are beginning to see them as a useful tool for those who lack enough savings to augment their retirement income. The bad reputation that...
by David Steinbrugge
What is a reverse mortgage?A reverse mortgage allows homeowners of a certain age, 62 years and older, to borrow from their home’s equity without having to make monthly mortgage payments. As the borrower the homeowner may then choose to take funds in a lump sum, line...
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