Sentences with phrase «home equity conversion mortgage program»
The home equity conversion mortgage program was initially set up to help senior homeowners remain in their homes and not be used to meet short - term financial needs.
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If you're 62 or older, it might make sense to establish a line of credit using a reverse mortgage (under the federal home equity conversion mortgage program), says Shelley Giordano, principal of Longevity View Associates, a reverse mortgage consulting firm.
If you're refinancing to a reverse mortgage, FHA insures these loans through its home equity conversion mortgage program (HECM).
Not exact matches
Not should the FHA ask Congress for $ 800 million to support the home equity conversion mortgage (HECM) program, but should the FHA be insuring loans which are increasingly risky.
ReverseVision, Inc. is the leading software and technology provider for the reverse mortgage industry, offering products and services focused exclusively on the home - equity conversion mortgage (HECM) and related reverse mortgage programs.
The changes were made in response to the losses suffered by the FHA in connection with the home equity conversion mortgage (HECM) program.