
If you work with senior homeowners or want to build your senior homeowner business, you likely need to field basic questions about reverse mortgages. The Home Equity Conversion Mortgage (HECM, the FHA-insured version) program has been helping seniors age 62 and older tap into their home equity since the 1990s. A comprehensive 2022 reverse mortgage…

The current government shutdown has left many Americans with questions about how federal services will be affected, especially those who rely on government-backed programs for their finances and housing. Among those who have good ready to worry are homeowners with a Home Equity Conversion Mortgage (HECM), better known as a federally insured reverse mortgage. These…