Posts tagged Home Equity Conversion Mortgage
What is the HECM for Purchase Program?

The Home Equity Conversion Mortgage for Purchase program is a part of HUD’s larger HECM program. It allows eligible home buyers to get a reverse mortgage and purchase a home, all under one single mortgage transaction.

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Reverse Mortgages: How Much Money Do You Get (and When Do You Get It)?

The amount of money you get from a reverse mortgage is dependent on the type of loan and the method you choose to receive your payments. There are three types of reverse mortgages: Single Purpose, Proprietary, and the Home Equity Conversion Mortgage (HECM).

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