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Reverse Mortgage vs HECM

HECM is an acronym for Home Equity Conversion Mortgage which is the FHA federally regulated and guaranteed reverse mortgage loan that provides a safe way to access the equity (i.e. money) in your home without ever making a mortgage payment for the remainder of your life because it allows the equity in your home to pay you rather than you having to keep paying for the home (like with a "forward" 30 yr fixed mortgage). With regard to this loan, it's important to understand that no matter what happens in the economy, how much money you receive, or how long you live in your home you will never be required to make a mortgage payment. In addition, no matter what happens to your lender or your home’s value you will always have guaranteed access to your money.

Click on the link on top of the website that says, “Ready to Eliminate Your Mortgage Payment?” and we’ll candidly inform you of all your HECM loan options that will help you retire better.