by Trevor Carlson | Feb 26, 2021 | Uncategorized
What is the difference between a HECM Mortgage and a Reverse Mortgage? Truth be told, there is no difference. In other words, they are the same. HECM is a simple rebranding of an old product. History of Reverse Mortgages: The Reverse Mortgage was signed into law by...
by Trevor Carlson | Feb 17, 2021 | Uncategorized
What is a HECM Refinance? AKA a HECM to HECM Refinance? Most people don’t know that a Reverse Mortgage can be refinanced. A Reverse Mortgage is like any other mortgage. If we can improve the terms of a Reverse Mortgage we can refinance it. Why Refinance a HECM?...
by Trevor Carlson | Feb 11, 2021 | Uncategorized
How does a HECM Loan Work? Answer: Just like your conventional mortgage but with no payments. Misconceptions: People tend to fear what they don’t understand. Reverse Mortgages often get a bad rap because people think they are more complicated than they really...
by Trevor Carlson | Feb 5, 2021 | Uncategorized
Who owns my home with a Reverse Mortgage? In short, you do. There is a false conception that if you do a Reverse Mortgage you are giving your home to the bank and the bank is letting you live in it for the rest of your life. Fortunately, this is not true. A...
by Trevor Carlson | Jan 21, 2021 | Uncategorized
There are many reasons people do Reverse Mortgages but today’s article shows the most common Reverse Mortgage Scenarios. Depending on your situation a Reverse mortgage could be an absolute life changer. Or it may just provide nominal improvement to your already...
