Did you know the FHA Home Equity Conversion Mortgage (HECM) is the only  home mortgage available that has absolutely no personal guarantees to borrowers or heirs? In fact, the home is the sole collateral on the loan. Even better, did you know there is also only one home mortgage that: Cannot be called by the lender regardless of…

The Department of Housing and Urban Development (HUD) now requires that a third-party counselor be involved in every FHA guaranteed Home Equity Conversion Mortgage (HECM). Why is this so important in the protection of the borrower’s interests?  Because in the old days older homeowners were getting into loans that were poorly understood and, prior to…