Home Equity Conversion Mortgage
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What is a Home Equity Conversion Mortgage?
The home equity conversion mortgage loan has continued to evolve since its introduction in 1961 and only grows stronger and safer with each year. This is primarily due to rules and regulations set by the Federal Housing Administration (FHA). The FHA continually updates and regulates home equity conversion mortgage with new guidelines to protect you as a borrower. So what exactly are the current rules and requirements of the home equity conversion mortgage loan product in 2017?
How Can A Home Equity Conversion Mortgage Help You?
- Supplement your retirement income
- Pay off your existing mortgage1
- Eliminate high interest debt
- Stretch retirement savings
- Stay in your home
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Can a home equity conversion mortgage
take the worry out of your retirement?
The rules have changed when it comes to home equity conversion mortgage! The Housing and Urban Development insured Home Equity Conversion Mortgage is a great way to put the freedom you dreamed of back in your retirement!