Seniors Finance

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January 1, 1 6 min read Definitions
Home Equity Conversion Mortgage (HECM)
Home Equity Conversion Mortgage HECM Reverse Mortgage FHA Home Equity Seniors Finance Mortgage Insurance
A Home Equity Conversion Mortgage (HECM) allows older homeowners to access some of the equity in their homes, either in the form of monthly payments for life or a fixed term, or as a lump sum or line of credit. This reverse mortgage product is insured by the Federal Housing Administration (FHA).
Read more about Home Equity Conversion Mortgage (HECM).

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