A reverse or home equity conversion mortgage (HECM) can provide a considerable amount of flexibility to your budget, can eliminate your existing mortgage, and best of all, requires no monthly mortgage payments. However, there are pros and cons to these complex financial products, and.
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Reverse Mortgage Results" form and get your. qualification amount instantly. If you would rather look over a packet of papers in the comfort of your home to best discover your reverse mortgage options please click on the link and we’ll mail (at no cost to you) a reverse mortgage packet to review.
A reverse mortgage is a loan program designed to enable homeowners 62 years and older to convert part of the equity in their homes into tax-free cash flow* without having to sell the home, give up title, or take on a new monthly mortgage payment. Instead of making monthly payments to the lender.
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