Reverse Mortgage
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Reverse Mortgage

This forum promotes education about the FHA Guaranteed Home Equity Conversion Mortgage (HECM) and other proprietary reverse mortgage products.


HOW DO WE KNOW THIS IS NOT JUST A SCAM

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Reverse Mortgage :: Reverse Mortgage Basic Information :: Reverse Mortgage Safeguards for Seniors

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HOW DO WE KNOW THIS IS NOT JUST A SCAM Empty HOW DO WE KNOW THIS IS NOT JUST A SCAM

Post  Linn F Thu Feb 07, 2008 12:48 pm

How do we know for sure this is just not another big scam aimed at the older people. I've never heard of it before now.

Linn F

Posts : 20
Join date : 2008-02-05

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HOW DO WE KNOW THIS IS NOT JUST A SCAM Empty Re: HOW DO WE KNOW THIS IS NOT JUST A SCAM

Post  Cherry Pearl Fri Feb 08, 2008 1:22 pm

The H.E.C.M. is the ONLY Reverse Mortgage insured by the federal government. HECM loans are insured by the Federal Housing Administration (FHA), which is part of the U.S. Department of Housing and Urban Development (HUD).

Cherry Pearl

Posts : 20
Join date : 2008-01-29

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Reverse Mortgage :: Reverse Mortgage Basic Information :: Reverse Mortgage Safeguards for Seniors

 
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