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About Reverse Mortgages for Seniors (HECM) - HUD
The HECM is FHA's reverse mortgage program that enables you to withdraw some . and the sales price plus closing costs for the property you are purchasing .

Top Ten Things to Know if You're Interested in a Reverse Mortgage ...
The Home Equity Conversion Mortgage (HECM) is FHA's reverse mortgage . When the home is sold or no longer used as a primary residence, the cash, .

How Can You Sell Your House After Doing a Reverse Mortgage ...
A reverse mortgage can help an older homeowner pay bills or make repairs. A reverse mortgage is a loan taken out against a home's equity, or part of the .

Reverse mortgage - Wikipedia, the free encyclopedia
In a reverse mortgage, the home owner is under no obligation to make . will have an option to refinance the home and keep it, sell the home and cash out the .

• Obtain cash for daily living
• Eliminate debt payments
• Pay for health care
• Make home improvements
• Buy a car or vacation home
• Assist with a grandchild’s education
• Take regular vacations
• Make a dream purchase

How to Sell a House With a Reverse Mortgage | eHow.com
Reverse mortgages are becoming more popular with over 107000 booked nationwide in 2007. These loans typically provide a lump sum, line of credit or .

Reverse Mortgages, Home Equity Loans - Zillow
Reverse mortgages are usually for homeowners age 62 and above who have . of the term and the homeowner may have to sell the house to pay off the loan.

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