HECM
(Home Equity Conversion Mortgage)
A HECM reverse mortgage is a way for
homeowners that are 62 or older to access
the equity in their home without selling it
and while keeping title to it. This HUD
sponsored and guaranteed program gives
homeowners choices about how much
equity they withdraw, and in what form, and
the funds withdrawn are tax free and can be
used however the homeowner chooses.
(Home Equity Conversion Mortgage)
A HECM reverse mortgage is a way for
homeowners that are 62 or older to access
the equity in their home without selling it
and while keeping title to it. This HUD
sponsored and guaranteed program gives
homeowners choices about how much
equity they withdraw, and in what form, and
the funds withdrawn are tax free and can be
used however the homeowner chooses.
Consult your tax advisor. Consult appropriate Government Agencies. CA Department of Real Estate Broker License 00350120
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| 959 South Coast Drive, Suite 490 Costa Mesa, CA 92626 (714) 433-0738 |