Day: May 5, 2020

Reverse Mortgage Pitfalls – Info for Seniors

Reverse Mortgages, also known by their acronym HECM – Home Equity Conversion Mortgages, are a financial tool. This is a financial retirement tool, for Seniors 62 and over, which allows seniors to convert the equity into their house into a source of income. These loans fha loans Houston can sometimes be complicated, and that’s why there are commonly associated reverse mortgage pitfalls one should avoid.

When you’re a senior, in many cases you are currently unemployed/retired. That means your source of income is probably limited, and you have to be careful on how/where you spend your money. If you own … Read More