Guest Expert: Terry Hancock, DirectorLearn the fundamentals of how the most popular reverse mortgage, the FHA-insured Home Equity Conversion Mortgage or "HECM." Reverse mortgage veteran Terry Hancock will educate you on how HECM's wor...
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Subscribe NowLearn the fundamentals of how the most popular reverse mortgage, the FHA-insured Home Equity Conversion Mortgage or "HECM." Reverse mortgage veteran Terry Hancock will educate you on how HECM's work; eligibility criteria (client age, types of properties), how the amount a client can access is calculated, interest rates, payment options, the application process and more. Terry will also share the most common uses of reverse mortgages by financial planners and their clients. He will also share what's now available with "Jumbo" reverse mortgages for clients 60 or older with homes worth up to $6 million.
