What the heck is a HECM?

2019-10-16 09:39:19A HECM, or Home Equity Conversion Mortgage for purchase, may help you buy your next home without required monthly mortgage payments.  Sound too good to be true?  It’s not.  A HECM for purchase is a reverse mortgage insured by the Federal Housing Administration (FHA).  That means it’s the only one insured by the U.S. Federal Government. It was […]