Our Top 10 List of the Most Common Questions About HECM Reverse Mortgage Loans
What is a HECM?
A Home Equity Conversion Mortgage is also called a reverse mortgage and it allows borrowers to convert some of their home equity into useable cash.
What kind of interest rate can I get?
HBI Mortgages provides both fixed and variable rate HECM loans.
Are there any pre-payment penalties?
NO!
Click HERE for more FAQs…
