What Is A Home Equity Conversion Mortgage And Could It Be Right For Me

What Is A Home Equity Conversion Mortgage And Could It Be Right For Me

A Home Equity Conversion Mortgage or HECM, is also referred to as a Reverse Mortgage.

If you or your spouse are a min of 62: you are on your way to qualifying.

This loan requires that you put as little as 40% down, financing the balance, and never making a mortgage payment as long as you or your spouse reside in the home.

I call this the lifestyle loan. 

It allows for you to keep more of your money allowing for you to live the retirement lifestyle you desire. 

Irene Hammond Headshot
Phone: 602-400-0171
Dated: September 20th 2017
Views: 1,290
About Irene: My goal is to assist you in finding the community and the home within that community where you will ...

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eXp Realty Arizona
16165 N. 83rd Ave. #200
Peoria, AZ