What Are “Proprietary Reverse Mortgages”

What Are “Proprietary Reverse Mortgages”
What are "proprietary reverse mortgages" and how do they differ from an FHA insured Home Equity Conversion Mortgage? On the show today, Bruce walks you through a step-by-step comparison of some of the differences between these two types of reverse mortgages.
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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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