Have you ever wondered why reverse mortgages carry mortgage insurance when you never had it on your last loan? I get that question all the time. On this episode I’ll explain where HECM mortgage insurance came from, how it works, and — most important — why it benefits you and your heirs. I’ll use simple examples and real-world stories from Colorado so you can hear how this protection plays out in everyday life.

• A brief history of the HECM program and why mortgage insurance was added.
• How the mortgage insurance premiums are charged and where the money goes.
• How mortgage insurance protects you if home values drop.
• Why your HECM line of credit grows over time and how that growth is guaranteed.
• What happens to payments and lines of credit if your lender fails.
• How the non-recourse feature shields you and your heirs from personal liability.
• Why the mortgage insurance fund keeps the HECM program available and reliable for future seniors.
• Real examples: a family that kept a sentimental home despite a market downturn, and a couple who used a growing line of credit for in-home care.

If you want a clear, practical view of how mortgage insurance on a HECM works — and why it might be one of the best protections you can get as a homeowner over 62 — this episode will walk you through it step by step. You’ll finish the show with an easy-to-follow list of benefits, concrete examples you can relate to, and questions to bring to your own consultation. Tune in to learn how this insurance helps keep you in your home, protects your estate, and gives you a dependable financial safety net for the years ahead.