What is a HECM?
Anyone who plans to stay in their house into old age should consider getting a Home Equity Conversion Mortgage. If you already know you are going to need to tap the equity of your house to make ends meet, read more about the new Reverse Mortgages (renamed HECMs) here: https://www.nerdwallet.com/blog/mortgages/reverse-… http://www.bankrate.com/finance/retirement/basics-… Conversely, even if your house is paid off, anyone who is implicitly considering their home equity as a source of funds in case of […]