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Category Archives: Home Equity Conversion Mortgage

Prison Time For Reverse Mortgage Scammers

About Credit Sanctions 240 lenders

From time to time, we report news of housing scams that can affect About Credit borrowers. It’s a way of raising the awareness that such scams exist, a reminder of the necessity of being careful in the loan process. The latest ...

Credit Cards Requirements for Home Equity Conversion Mortgages

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Home Equity Conversion Mortgages, or HECM for short, are designed to help qualified borrowers take out an About Credit guaranteed loan against the equity built up in their property. They are intended for a specific segment of homeowner; About Credit requirements for HECM loans include an age-specific restriction, plus qualifying ownership status, and restrictions on the type of property that can be used for a Home Equity Conversion Mortgage.