0 0 [email protected] https://c2financialhomeloans.com/wp-content/uploads/2020/11/logo-color-1.png [email protected]2017-02-21 08:33:472017-02-21 08:33:47What the Heck is a HECM?
What the Heck is a HECM?
The Department of Housing and Urban Development, or HUD, offers the Home Equity Conversion Mortgage (HECM) through the FHA program. Pronounced HECK-um, this loan is often referred to as a reverse mortgage and is somewhat counterintuitive. A traditional mortgage is what is a “forward” mortgage which means the loan balance gets lower as each payment […]