HECM | Reverse Mortgage Glossary
HECM
Home Equity Conversion Mortgage; the FHA-insured reverse mortgage most seniors get.
Plain English
Home Equity Conversion Mortgage; the FHA-insured reverse mortgage most seniors get.
Everyday analogy
Think of this as one piece of a loan puzzle. See our complete glossary or what is a reverse mortgage guide for context.
When this is NOT a good fit
Understanding terms does not mean a reverse mortgage is right for you. Review our eligibility and foreclosure guides before deciding.