The Home Equity Conversion Mortgage (HECM) Reverse Mortgage Has Some Oddball Rules

The Home Equity Conversion Mortgage (HECM) Reverse Mortgage Has Some Oddball Rules
The Home Equity Conversion Mortgage (HECM) reverse mortgage has some oddball rules. One you probably never heard of before: lien seasoning. The other is one you probably have heard of, but probably don't fully understand: occupancy requirements. Bruce will dig into both of these rules on the today's show.
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Bruce Simmons

Bruce Simmons

I absolutely love what I do - working with senior homeowners to help them live a more comfortable, flexible and secure retirement. I have the absolute best customers in the world, and even though I worked in the forward mortgage business for a number of years, I could never go back to doing conventional loans. I'm a 100% reverse mortgage specialist.

Bruce Simmons

Bruce Simmons

I absolutely love what I do - working with senior homeowners to help them live a more comfortable, flexible and secure retirement. I have the absolute best customers in the world, and even though I worked in the forward mortgage business for a number of years, I could never go back to doing conventional loans. I'm a 100% reverse mortgage specialist.

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