Home Equity Conversion Mortgages
Home Equity Conversion Mortgages (Reverse Mortgages)
NID-HCA Atlanta Metro will help the client in understanding the benefits and disadvantages to obtaining a Home Equity Conversion Mortgage. Home Equity Conversion Mortgagees are a very useful tool for those seeking to effectively utilize the built-up equity in their homes for living expenses in their mature years. Counseling is mandatory for clients seeking to obtain a Home Equity Conversion Mortgage, also known as a HECM (pronounced heck-um). Clients will be counseled as to the disposition of the property after the death of the mortgagee, rights of heirs to the estate, how equity is reversed, how payments are disbursed, etc.


