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Adjustable rate home equity conversion mortgage

The Home Equity Conversion Mortgage (HECM) is FHA’s reverse mortgage program which enables you to withdraw some of the equity in your home. You choose how you want to withdraw your funds, whether in a fixed monthly amount or a line of credit or a combination of both. Continue reading

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Reverse Mortgage Glossary

Reverse Mortgage Glossary acceleration clause the part of a contract that says when a loan may be declared due and payable adjustable rate an interest rate that changes, based on changes in a published market-rate index appraisal an estimate of … Continue reading

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Fixed Rate vs Adjustable Rate

Learn About the Differences Between a Fixed Rate and an Adjustable Rate Reverse Mortgage Fixed Rate Home Equity Conversion Mortgage A fixed rate Home Equity Conversion Mortgage (HECM) provides you with comfort and security because it allows you to lock … Continue reading

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How many reverse mortgages or reverse mortgage products are available? And what are the differences between them?

There are three different reverse mortgages available on the market today Continue reading

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Reverse Mortgage Group Home About Reverse Mortgage Group Reverse Mortgages Pros vs Cons Fixed Rate vs Adjustable Rate How You Can Use the Money Reverse Mortgage Glossary Frequently Asked Questions Reverse Mortgage HECM Application Reverse Mortgage Articles Contact Reverse Mortgage … Continue reading

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Before Signing on the Dotted Line…

…There’s a lot you need to know about reverse mortgages. This Q&A will help clarify how this complex transaction works. What is a reverse mortgage? It’s a loan on your house that lets you tap your home’s equity.  Like a … Continue reading

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Frequently Asked Questions

Frequently Asked Questions About Reverse Mortgages What is a reverse mortgage? A reverse mortgage is a loan that enables senior homeowners, age 62 and older, to convert part of their home equity into tax-free* income—without having to sell their home, … Continue reading

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