Reverse Mortgages When you are a person 62 years old or older you may use the reverse mortgage (a special type of home refinance). This is a way that a person can pull money out of his home without having to make payments on the line of credit or lump sum that they receive 11-14-2008 by margorrit33 Tags home, mortgages, payment, realty, refinance, reverse, tips, tricks
HECM-what does it mean? A type of reverse mortgage which allows converting the portion of the home equity into cash today named as HOME EQUITY CONVERSION MORTGAGES. The homeowner can stay in the home while the homeowner uses the home equity. 11-12-2008 by nikolass88 Tags cash, conversion, equity, estate, hecm, home, mean, mortgages, real