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What is the Difference Between a Reverse Mortgage and a Home Equity Conversion Mortgage?

October 29, 2024 by Robby Oakes

Retirement planning is about ensuring you have a steady income stream to support yourself comfortably. For many retirees, tapping into the equity in their homes becomes an attractive option. Two terms often come up in this context: reverse mortgage and Home Equity Conversion Mortgage (HECM).

Filed Under: Mortgage Tagged With: Home Equity Conversion Mortgage, Mortgage, Reverse Mortgage

Robby Oakes


Robby Oakes

CIMG Managing  Director
NMLS# 91606

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