Written by Bob Francis | 22 November 2010

This has been a hot topic especially with seniors. Many have taken advantage of the ability to tap into the equity of their homes and receive an income for life. Others have even used a Reverse Mortgage to buy a Duplex or even a Fourplex.

Do you know what a HECM is? How about who owns the home with this type of mortgage? Can a home that has a Reverse Mortgage be foreclosed on? What is a Home Equity Conversion Mortgage? What can I use the money for? Can I use this for Credit Line Growth? Is a Reverse Mortgage even a right fit for my situation? We have the answers!

Call us at 509-723-4995 or email us with your questions or concerns.