There Are Actually 3 Types of Reverse Mortgages

Reverse Mortgage types
If you are considering taking out a reverse mortgage home loan, there are three different types to consider. We’ll give you the details so you can better decide which one is right for you. Home Equity Conversion Mortgage (HECM) The most popular of the three reverse mortgage types is the Home Equity Conversion Mortgage (HECM). …

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