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Home Equity Conversion Mortgage FAQs

Home Equity Conversion Mortgage FAQs

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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We're a well-established tax and accounting, mortgage, and financial advisory firm operating since 2000. We serve our clients from three Central Florida locations. Our expertise extends to both domestic and international concerns when it comes to investing and doing business in Florida and beyond.

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