What Is A Home Equity Conversion Mortgage And Could It Be Right For Me

Dated: 09/20/2017

Views: 1306

A Home Equity Conversion Mortgage or HECM, is also referred to as a Reverse Mortgage.

If you or your spouse are a min of 62: you are on your way to qualifying.

This loan requires that you put as little as 40% down, financing the balance, and never making a mortgage payment as long as you or your spouse reside in the home.

I call this the lifestyle loan. 

It allows for you to keep more of your money allowing for you to live the retirement lifestyle you desire. 



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Irene Hammond

My goal is to assist you in finding the community and the home within that community where you will be happiest and to do it in as stress free a manner as possible. Together we will discover a place w....

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