New & Improved
Reverse mortgages have changed over the last few years and now are one of the safest and most flexible loans that people over 62 can have. The Home Equity Conversion Mortgage or HECM program is highly regulated by HUB and FHA and is considered one of the safest loans available. The HECM can even be used to help purchase another home with low credit qualifications. These types of loans have been around since the 1980’s but) The real estate and financial planning industries have recently taken a new look and found that if structured and used the right way, the positive financial benefits (implications) are huge (unmatched)….further, the commitment to a fixed 30 year or 15-year mortgage is often the WORST use of a fixed retirement income. Bill Cave is one of the leading Reverse Mortgage Specialist that only works on these types of loans. For even more info contact Reverse mortage Expert Bill Cave.