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What is HECM?
What is a Home Equity Conversion Mortgage Loan? HECM (pronounced “heck-em”) stands for the Home Equity Conversion Mortgage and is the reverse mortgage loan offered by the Department of Housing and Urban Development (HUD) and…
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Florida Announces New Program for Seniors with Reverse Mortgages
In November 2013, Florida announced a new program that is aimed to assist reverse mortgage borrowers who may be having a difficult time keeping up with their taxes and insurance as part of their requirements…
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HECM for Purchase 101
With reverse mortgages, many experts advise against applying for one if the borrower is planning to move out of the residence in a short time period. However, there is a program called HECM for Purchase…
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