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Geared towards homeowners, the Home Equity Conversion Mortgage (HECM), commonly known as a reverse mortgage, is a specialized financial product. Tailored for individuals aged 62 and above, an FHA reverse mortgage empowers homeowners to convert their home equity into income or a line of credit. Eligible borrowers with accumulated home equity can leverage the value of their property, accessing extra income during retirement without being tied to monthly loan payments. | |
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Target Prov.: All Provinces Target City : All Cities Last Update : Nov 27, 2023 11:19 PM Number of Views: 28 | Item Owner : Karen R. Velazquez Contact Email: (None) Contact Phone: (None) |
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