How Do HECM Reverse Mortgages Work?

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Date Published 2014
Primary Author Jack Guttentag
Other Authors
Theme Reverse Mortgages


The Home Equity Conversion Mortgage (HECM) is an ingeniously constructed financial instrument that can meet a wide variety of needs of homeowners 62 or older. In addition to its versatility, HECMs are also extremely flexible, permitting changes in the ways in which seniors receive funds as their needs change over the years.

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