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?
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