Does a Reverse Mortgage Loan Show Up on my Credit Report?

Reverse Mortgage Credit Issues

Since there is no monthly payment required for the reverse mortgage loan (other than property taxes, homeowner’s insurance and other property charges), the loan does not appear on your credit report and it is not reported by the credit bureaus. If you have any questions about this, be sure to call!  855-469-7383 Don’t forget to […]

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What is a HECM?

HECM stands for Home Equity Conversion Mortgage. It is more commonly known as a reverse mortgage loan. The HECM is an FHA insured loan for homeowners over the age of 62 which allows borrowers to access a portion of their home equity. The biggest benefit of the HECM is that it does not require repayment […]

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