Daily Herald

The Mortgage Professor: Shortening Indebtedness with a Reverse Mortgage 

While refinancing a home is primarily used for either reducing a monthly payment or raising some needed cash, a third and underutilized option is to refinance in order to shorten a period of indebtedness. One of the ways that senior homeowners can do this is by getting a Home Equity Conversion Mortgage (HECM). This is […]