Chandler, AZ Reverse Mortgage Information

A HECM is a reverse mortgage loan that’s insured by the Federal Housing Administration (FHA).

Yes. A reverse mortgage can be refinanced into a new reverse mortgage (typically another Home Equity Conversion Mortgage, or HECM, insured by the FHA). This is called a HECM-to-HECM refinance. Private (proprietary) reverse mortgages can also be refinanced, either into another proprietary loan or into a HECM, depending on eligibility and lender offerings. Why would ... Read more