This information should NOT replace reading your personal loan documents as the information in you loan documents establish the terms of your specific loan.
FHA-insured Home Equity Conversion Mortgage or “HECM” is commonly referred to as your reverse mortgage loan.
HECM AFTER CLOSING
Below is a link that leads to an in depth discussion on the details of an HECM loan.
Click the icon for more information on HECM loans.