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Home Equity Conversion Mortgage FAQs

HECM

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…

 

 

Contact Rob Farmer, Principal Broker – 863 968 1010 or email info@hbimortgages.com for more information.

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