What is hecm - Mortgage Glossary - A Glossary of Mortgage Terms You Should Know



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Why a Reverse Mortgage Leaves Money Behind
December 1, 2003 ?I was my aunt?s only relative, and when she died I was surprised to inherit a house worth $250,000, with reverse mortgage debt of only $90,000. I had encouraged her to exhaust the equity in her house, and she always told me that she was using it as fast as the ... more...

Which Reverse Mortgage Plan Do I Choose?
April 8, 2003 ?I am 79. The counselor I saw in connection with my reverse mortgage told me that Fannie Mae?s Home Keeper product would provide me with more money than FHA?s Home Equity Conversion Mortgage, but that Home Keeper would cost me more. The decision was mine ... more...

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Get Free hecm Quotes and Estimates
Get instant on-line mortgage rate quote and closing cost estimate. Only put your loan numbers. No contact info required. Compare offers from top mortgage lenders... more...

Mortgage Glossary - A Glossary of Mortgage Terms You Should Know
Acceleration Clause A clause in a mortgage defining that the entire outstanding balance can become due and payable should mortgage default occur. If the entire balance is not paid, the property will be foreclosed.Adjustable Rate Mortgage (ARM) Mortgage with interest rates that may be adjusted by ... more...

Creative Home Equity Strategies for Retirement
The Baby-Boom generation is nearing retirement and it is clear that millions of aging Boomers are financially under prepared. Reasons are many - poor savings habits, rising medical costs, the demise of guaranteed corporate pensions, and the dreaded squeeze faced by many: i.e. having to pay college ... more...

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