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The HECM is FHA’s reverse mortgage program that enables you to withdraw a portion of your home’s equity. You can also use a HECM to purchase a primary residence if you are able to use cash on hand to pay the difference between the HECM proceeds and the sales price plus closing costs for the property you are purchasing.

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American Pacific Reverse Mortgage Group I 3000 Lava Ridge Court STE 103 I Roseville, CA 95661 APRMG is licensed in the following states: AZ, CA, FL, ID, OR, TX, WA We are a California based company with lending capabilities in many states.

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About the Alpha Mortgage Reverse team alpha mortgage Corporation is a full service mortgage banker with in-house processing, underwriting, closing and funding of your home. Formed in 1983, Alpha Mortgage has attained its growth and success through the introduction of a continuing series of innovative programs and services that have become standards in the mortgage lending industry.

A reverse mortgage enables you to convert part of your home equity into cash. The only reverse mortgage insured by the U.S. Federal Government (HUD) is called a Home Equity Conversion Mortgage or HECM, and is available through an FHA approved lender. Here is what you need to know when deciding whether a reverse mortgage is right for you.

While some borrowers are required to have a LESA based on the financial assessment, others can simply choose to include one in their reverse mortgage plans. This can give peace of mind to new borrowers who may have reverse mortgage concerns. Why a LESA can be a good thing

According to an article in the New York Post, the NYDFS was investigating Reverse Mortgage Solutions, a division of Walter Investment, and Champion Mortgage.

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