what is the difference between a HECM and Reverse Mortgage?
Steven Brand (stevenbrand)
#2 ranked lender in Minnesota - 121 contributions
By definition... these are the same thing. Are you looking to do a Reverse Mortgage now for yourself... or just asking the question?
William J Acres (William_Acres)
#74 ranked lender in Arizona - 8,728 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 WilliamAcres.com NMLS# 226347 / LendUS, NMLS 1938/ AZMB0121893
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