Posts Tagged ‘Home Equity Conversion Mortgage’
5 Nevers with a Home Equity Conversion Mortgage
In an attempt to dispel misunderstandings regarding Home Equity Conversion Mortgages (HECMs), we in the industry have coined what are called the “5 Nevers”. They are: Never Give up Title to the Home Home Equity Conversion Mortgages are just that – a mortgage and just like a conventional loan the borrower retains title to the…
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