NJ Reverse Mortgage Counseling(HECM)
The Home Equity Conversion Mortgage (HECM) reverse mortgages are becoming an increasingly popular alternative mortgage product for homeowners who are senior citizens. A U.S. Department of Housing and Urban Development (HUD) Reverse Mortgage is a safe, federally-insured private loan. Many seniors use it to supplement Social Security income, meet unexpected expenses, make home improvements or simply provide greater financial security. Since your home is probably your largest single investment, it’s smart to know more about reverse mortgages, and decide if one is right for you.