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Tag Archive | "Home Equity Conversion Mortgage"

HECM Reverse Mortgage: How to Release Equity on Your Home

The HECM reverse mortgage is a means of using the cash that is tied up in the equity of your home. It is offered by HUD and the FHA. Before we go any further, it should be stressed that these are loans like most others and involve fees in setting them up and also monthly […]

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Retired With a Mortgage and Cash to Spare?

If you are retired with a mortgage, and have the cash to spare to clear it, what are your options? Should you pay off the mortgage or can you use your cash in a better way? Here are some of the options open to you. We are assuming here you are paying tax on your […]

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