what is a reverse mortgage? (Business Opportunities - Marketing & Sales)
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Item ID 9427398 in Category: Business Opportunities - Marketing & Sales
what is a reverse mortgage? | |
The Home Equity Conversion Mortgage (HECM), often referred to as a reverse mortgage, is a financial solution exclusive to homeowners. Designed for those aged 62 and older, 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, offering an additional income stream during retirement. Importantly, a reverse mortgage does not impose any obligation for regular loan payments. | |
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2024-11-18 (0.224 sec)