Reverse Mortgage Consumer Safeguards Protect Senior Homeowners
There are numerous safeguards in today’s reverse mortgage programs that protect senior homeowners. “Most people don’t realize that the Home Equity Conversion Mortgage (HECM) was designed by Congress and the U. S. Department of Urban Development (HUD) specifically to help seniors enhance their retirement years. It is a HUD regulated and FHA insured program.” said David Chee, CPA. A reverse […]