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| Reverse Mortgage > fha reverse mortgage |
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FHA Reverse MortgageFHA reverse mortgages are also known as ( HECM ) which stands for Home Equity Conversion Mortgage are federally insured by HUD. This program allows our seniors 62 and older to take advantage of equity in their home while still living in it. Unlike traditional home loans a FHA reverse mortgage does not have to be payed back until you no longer live in your home as a primary residence. You may recieve the proceeds of the loan as a lump sum or as monthly payments to supplement your income. Qualifying for a FHA reverse mortgage is relatively simple. Latest Mortgage And Loan Articles
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