HECM

The Mortgage Professor debunks 4 HECM myths 

“When you drive, you have no control over the maniacs on the road, but when you take a reverse mortgage you are fully in charge of all the risks.” So wrote Jack Guttentag, a.k.a. The Mortgage Professor, in an article that took issue with the assertion that reverse mortgages are “unduly risky.” Guttentag lined up four reverse mortgage myths and shot them down, one by one. Here’s a recap.