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Homeowners can benefit from the Home Equity Conversion Mortgage (HECM), commonly known as a reverse mortgage, a financial solution designed for those aged 62 and older. This FHA reverse mortgage allows the conversion of home equity into income or a line of credit. Eligible borrowers with accumulated home equity have the opportunity to borrow funds against their property's value, providing an additional income stream during retirement. Importantly, a reverse mortgage does not impose any obligation for regular loan payments. | |
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| Target State: All States Target City : All Cities Last Update : Nov 27, 2023 11:20 PM Number of Views: 35 | Item Owner : Donna G. Cypert Contact Email: (None) Contact Phone: (None) |
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