Retirement

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January 1, 1 7 min read Definitions
HECM (Home Equity Conversion Mortgage)
HECM Home Equity Conversion Mortgage Reverse Mortgage Seniors Retirement Home Equity FHA Loans
A HECM (Home Equity Conversion Mortgage) is a type of reverse mortgage that allows homeowners aged 62 and older to convert part of the equity in their homes into cash without having to sell the home or making monthly mortgage payments.
Read more about HECM (Home Equity Conversion Mortgage).

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