Monthly Archives: January 2017

Real Estate Term of the Week

HECM: Stands for Home Equity Conversion Mortgage. This is another term for a reverse mortgage. These loans are insured by the Federal Housing Administration (FHA) and allow home owners age 62 and older to...

Real Estate Term of the Week

Co-signing a Loan: The act of signing for another person’s debt which involves a legal obligation made by the co-signer to make payment on the other person’s debt should that person default. Having a...