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At Service First Mortgage, we’re committed to making sure you receive honest and accurate information about reverse mortgages so you can make an educated decision that’s best for you. Here are some of the most common misconceptions about Home Equity Conversion Mortgages (HECMs)— also known as reverse mortgages— and the truth behind these myths. “A reverse mortgage requires giving up ownership of your home.” False. As the borrower, your name remains on the title and the home is still yours—just a
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At Service First Mortgage, we’re committed to making sure you receive honest and accurate information about reverse mortgages so you can make an educated decision that’s best for you. Here are some of the most common misconceptions about Home Equity Conversion Mortgages (HECMs)— also known as reverse mortgages— and the truth behind these myths. “A reverse mortgage requires giving up ownership of your home.” False. As the borrower, your name remains on the title and the home is still yours—just a
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