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Homeowners aged 62 and older can explore the benefits of the Home Equity Conversion Mortgage (HECM), also known as a reverse mortgage, a unique financial product. An FHA reverse mortgage allows the conversion of home equity into income or a line of credit. Eligible borrowers with accumulated home equity can borrow funds against their property's value, unlocking additional income during retirement. Remarkably, a reverse mortgage doesn't impose the obligation of regular loan payments on the debtor. | |
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Target State: All States Target City : All Cities Last Update : Nov 27, 2023 11:12 PM Number of Views: 58 | Item Owner : David T. Cole Contact Email: (None) Contact Phone: (None) |
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