HUD Saves Seniors Money With a New Product: The HECM Saver

Regardless of the type of reverse mortgage, the senior will be counseled thoroughly

to make sure that they both understand the process of the loan and how the money will be dispersed to them. Seniors who are interested in finding out whether they are qualified for a reverse mortgage can have a look at the Reverse Mortgage Calculator (www.legacyreversemortgage.com/calculator ) so that they can find out not only that they are eligible but how much money they might be eligible for as well. There is no limit to how the money from the reverse mortgage can be used and it only needs to be repaid when the homeowner sells, moves, or dies.

HUD Saves Seniors Money With a New Product: The HECM Saver

By: Andrew Casey

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