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Slide 1:An Overview of In 1987 President Ronald Reagan authorized the Reverse Mortgages Department of Housing and Urban Development (HUD) to create the Home Equity Conversion Mortgage (HECM) which is commonly referred to as a Reverse Mortgage.
Slide 2:An Overview of All HECM Reverse Mortgages are insured by Reverse Mortgages the Federal Housing Administration (FHA) which estimates that the HECMwill grow in use to represent approximately 50%of all FHA insured loans based on its current growth rate and the changing financial needs of an aging population.
Slide 3:Remember When… As a young person, we were all encouraged to buy rather than to rent a home? Then we diligently did everything we could to try
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