Who owns my home with a Reverse Mortgage?

Who owns my home with a Reverse Mortgage?

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...
HECM Reverse Change – LIBOR vs. CMT

HECM Reverse Change – LIBOR vs. CMT

If you have a Reverse Mortgage or are thinking of getting one then a HECM Reverse Change issomething you keep an eye on. Every year around the end of September and again in December FHA/HUD likes to surprise the HECMReverse Mortgage industry with changes. Sometimes...
How do HECM Reverse Mortgages Work?

How do HECM Reverse Mortgages Work?

How Do HECM Reverse Mortgages Work? The Mechanics of how HECM Reverse Mortgages work is more simple than you?ve been led to believe. When you understand the truth about the HECM Reverse Mortgage it will seem a lot less scary. To help, let?s compare a Reverse Mortgage...

Logan: One of Utah’s Best Cities

Logan: One of Utah’s Best Cities Our Company I’m a specialist in Reverse Mortgages or HECMs (aka Home Equity Conversion Mortgages). I opened Heritage Home Loans, dba Heritage Reverse Mortgage in 2016 and dedicated myself to be the best possible Reverse...