Mary Jo LaFaye is a well-known resource for retirees in the reverse mortgage industry, and is trusted for helping seniors increase their cash flow. Please contact Mary here with any additional questions.
A Home Equity Conversion Mortgage (HECM) is the formal name of the federally-administered loan that many commonly refer to as the 'reverse mortgage' loan. The Home Equity Conversion Mortgage is administered by H.U.D. (The Department of Housing & Urban Development) and may help qualified homeowners 62 and older, to enhance their cash flow during retirement.