take a harder look Archives | Reverse Mortgage Alabama

New Look

New Look. Reverse Mortgage Alabama. Time to take a new look at reverse mortgages. Alain Valles, CRMP FiftyPlusAdvocate.com. Since 1987, reverse mortgages, also known as Home Equity Conversion Mortgages (HECMs), have been a viable option for hundreds of thousands of qualified homeowners aged 62 and older. Over the past several years there have been many […]

**The owner(s) retain title to the property that is the subject of the reverse mortgage until the person sells or transfers the property and is therefore responsible for paying property taxes, insurance, maintenance and related taxes. Failing to pay these amounts or failure to maintain the condition of your property may cause the reverse mortgage to become due immediately. A reverse mortgage is a complex loan secured by your home. Whether such mortgage makes sense for you depends on your financial situation and needs. For these reasons, you are required to consult with a qualified independent housing counselor and include family members and other trusted advisers before making this decision. This information is not from HUD or FHA and was not approved by HUD or any government agency.

Call Now

Main Navigation

New Look

SOCIAL MEDIA

CONTACT

LICENSING

MORE LINKS