Counselors certified by the U.S. Department of Housing and Urban Development (HUD) to offer guidance to borrowers of the Home Equity Conversion Mortgage (HECM) program are the best there is at what ...

What is a HECM reverse mortgage? A HECM is a type of reverse mortgage insured by the Federal Housing Administration (FHA) designed to help people 62 years of age or older convert some of their home ...

Housing and Urban Development Secretary Alphonso Jackson recently announced a $44 million housing counseling and counseling training grant. “This Administration strongly believes in the value of ...

A reverse mortgage is worth exploring if you want to use some of your home’s equity in retirement — and you plan to stay in your home for the foreseeable future. Do your homework so you know what to ...

If you’re planning on getting a reverse mortgage, you’ll likely need a reverse mortgage counselor. In most cases, such a counselor is required. Here are answers to some common questions about reverse ...

Morgan Almer and Joshua Huffman, financial counselors at The Village Family Service Center, Fargo, have been added to U.S. Department of Housing and Urban Development's National Home Equity Conversion ...

Reverse mortgages largely have a bad reputation. But in certain circumstances, they can make smart financial sense, experts say. Consider a single retiree who owns her home outright and has nearly ...

FHA insured reverse mortgages, called HECMs, allow seniors to withdraw cash from their home while retaining the right to live there indefinitely. They are a potentially powerful tool for helping ...