Tag Archives: Fha

Understanding the Home Equity Conversion Mortgage

Tony Newton asked: You’ve probably have heard of home equity conversion mortgage or HECM. This was introduced by the government through the Federal Housing Administration as a way to assist senior citizens to secure loans. This is a federally insured … Continue reading

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Equity loan on a home thats paid for to pay for repair/remodel?

J asked: i bought a home for 45k.in michigan i had to pay cash for it as it needs alot of work. you name it, it needed it. So i outright own the home no mortgage or anything, its all … Continue reading

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