how hecms work

HOW HECMS WORK

This is the second module in Guidewell Financial Solutions online reverse mortgage course. At the end of it, you’ll be able to:

• Identify what a Home Equity Conversion Mortgage is and the requirements involved in applying for and repaying a HECM loan.
• Explain how to choose a HUD-approved counseling agency.
• List the types of information that will be covered during your reverse mortgage counseling session.