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what is the difference between a HECM and Reverse Mortgage?

by wbarker943 from Tempe, Arizona. May 14th 2019 Reply

Steven Brand (stevenbrand)
#2 ranked lender in Minnesota - 111 contributions

By definition... these are the same thing. Are you looking to do a Reverse Mortgage now for yourself... or just asking the question?

May 14th 2019
William J Acres (William_Acres)
#73 ranked lender in Arizona - 8,726 contributions

They are the same.. a Home Equity Conversion Mortgage (HECM) is FHA/HUD's name for a reverse mortgage. I'm a preferred Lender with California and Arizona being my primary markets. If you or someone you know is looking for financing options, feel free to contact me or pass along my information. 480-287-5714 NMLS# 226347 / LendUS, NMLS 1938/ AZMB0121893

May 17th 2019
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