What is a HUD Reverse Mortgage?
HUD or The U.S. Department of Housing and Urban Development has a FHA devision or Federal Housing Administration which created one of the first Reverse Mortgages. HECM Home Equity Conversion Mortgage is that program. This program is safe for seniors who need or want greater financial security. Use the funds for medical expeses, vacations, home improvement, or whatever you like. The Home Equity Conversion Mortgage (HECM) product is The U.S. Department of Housing and urban Developments (HUD) answer to Reverse Mortgage.