Reverse Mortgage

sources-of-incomeA reverse mortgage or home equity conversion mortgage (HECM) is a type of home loan for older homeowners (62 years or older) that requires no monthly mortgage payments.

Borrowers are still responsible for property taxes and homeowner’s insurance.

 

Please Note: There are pros and cons to Reverse Mortgages that a homeowner needs to know, for a private consultation, contact Tom Cooper.