As a whole, the older you might be, the greater amount of equity you’ve got in your house, as well as the less you borrowed from you can get on it, the more money

As a whole, the older you might be, the greater amount of equity you’ve got in your house, as well as the less you borrowed from you can get on it, the more money

Before you apply for a HECM, you need to speak to a therapist from a completely independent housing counseling agency that is government-approved. Some loan providers providing proprietary reverse mortgages additionally require guidance.

The therapist is needed to give an explanation for loan’s expenses and implications that are financial.Continue reading