Quinlan Care Finance 6pm Mondays, guestAmy Arnone-licensed mortgage broker shares insight
on Reverse Mortgages: All reverse Mortgage in 2010 are government backed loans called HECMs which stands for Home Equity Conversion Mortgage.
A reverse mortgage is a special type of home loan that lets you convert a portion of the equity in your home into cash. The equity that built up over years of home mortgage payments can be paid to you. But unlike a traditional home equity loan or second mortgage, no repayment is required until the borrower(s) no longer use the home as their principal residence or fail to meet the obligations of the mortgage. You can also use a HECM to purchase a primary residence
Quinlan Care Talk on Harlem Talk Radio, empowering Americans, the nation and the Harlem's Across America
Bob Quinlan shares his outlook on long term financial health care and quality living. Quinlan care talk focuses on health, finance and money topics for the baby boomers and their families