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Home Equity Conversion Mortgage
HECM for Purchase is the type of reverse mortgage that allows seniors to purchase a home using the proceeds from a HECM loan. This type of loan is part of the HECM program. Therefore, a HECM for Purchase loan is insured by the FHA and offers non-recourse protections.
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Recent Articles
When Is the Best Time to Get a Home Equity Conversion Mortgage?
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