Sentences with phrase «as home equity conversion mortgages»

The FHA has seen a greater volume of reverse mortgages, known as home equity conversion mortgages, or HECMs.

Also known as a home equity conversion mortgage, a reverse mortgage can use your existing equity to pay off the remainder of your mortgage.

Otherwise known as a home equity conversion mortgage, a reverse mortgage uses your current home equity to pay off your remaining mortgage, with any remaining money available for your use tax - free.

Also known as a home equity conversion mortgage, a reverse mortgage can use your existing equity to pay off your remaining mortgage, with any remaining tax - free money available for your use.

Also known as a home equity conversion mortgage, a reverse mortgage can use your existing equity to pay off your remaining mortgage and give you the remaining money to use however you please.

Also known as a home equity conversion mortgage, a reverse mortgage can use your existing equity to pay off your remaining mortgage.

If you are a homeowner aged 62 or older and you are considering a reverse mortgage (also known as a home equity conversion mortgage or HECM), then you might find this information interesting.

Not exact matches

In essence, a reverse mortgage is loaned to the homeowner against the available home equity in the property as the term «home equity conversion loan» is often used.

A reverse mortgage, also known as a home equity conversion loan (HECM), is a tool designed to help eligible homeowners 62 years and older to access the equity in their homes.

Established in 1997, the National Reverse Mortgage Lenders Association (NRMLA)» is the national voice of the reverse mortgage industry, serving as an educational resource, policy advocate and public affairs center for lenders, as well as related professionals... Over 90 % of the reverse mortgages in the United States today are originated or purchased by NRMLA members, and over 95 % of the reverse mortgages originated in the United States at this time are home equity conversion mortgage («HECM») loans insured by the FHAMortgage Lenders Association (NRMLA)» is the national voice of the reverse mortgage industry, serving as an educational resource, policy advocate and public affairs center for lenders, as well as related professionals... Over 90 % of the reverse mortgages in the United States today are originated or purchased by NRMLA members, and over 95 % of the reverse mortgages originated in the United States at this time are home equity conversion mortgage («HECM») loans insured by the FHAmortgage industry, serving as an educational resource, policy advocate and public affairs center for lenders, as well as related professionals... Over 90 % of the reverse mortgages in the United States today are originated or purchased by NRMLA members, and over 95 % of the reverse mortgages originated in the United States at this time are home equity conversion mortgage («HECM») loans insured by the FHAmortgage («HECM») loans insured by the FHA.»