Myths, Pros and Cons of Hecm Reverse Mortgages
February 15, 2010 by Editor
Filed under About Mortgages
First and foremost; the bank does not, nor do they want to own your home. So why do so many people believe this? Prior to FHA getting involved in 1988, the lenders would take an equity position in their Borrowers homes. That practice has resulted in unfavorable feelings towards today’s reverse mortgages. The Federal Housing Administration […]