Why All HECM Reverse Mortgages Have Mortgage Insurance

Why All HECM Reverse Mortgages Have Mortgage Insurance
Time to grab your floaties, your life preserver, anything that'll float, because today, Bruce is jumping in the deep end of the mortgage insurance pool. All FHA insured reverse mortgages, called Home Equity Reverse Mortgages (HECM), have mortgage insurance. But Why? That's the topic of 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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