As a Reverse Mortgage Specialist, I have an opportunity to help senior homeowners improve their quality of life, solve troubling financial concerns, save their homes from possible foreclosure, and help settle bankruptcy issues. It's incredibly rewarding for me to spend time working with senior homeowners and their families. Please feel free to contact me if you are interested in a reverse mortgage.
A Home Equity Conversion Mortgage (HECM) is the formal name of the federally-administered loan that many commonly refer to as the 'reverse mortgage' loan. The Home Equity Conversion Mortgage is administered by H.U.D. (The Department of Housing & Urban Development) and may help qualified homeowners 62 and older, to enhance their cash flow during retirement.