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Senior Planning

Reverse Mortgage

Reverse Mortgage– What is it?
Estate Planning | Reverse Mortgage

Reverse Mortgage– What is it?

ByJacob Gottlieb December 4, 2014June 30, 2021

HECM is the acronym for a Home Equity Conversion Mortgage commonly known as a reverse mortgage. A reverse mortgage is pretty much exactly what it sounds like: a loan borrowed against the equity to your home, but instead of making traditional monthly payments, the bank reversely pays you.

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  • Services
    • Medicaid Application
    • Guardianship
    • Conservatorship
    • Legal Document Preparer
    • Power of Attorney
    • Probate
  • Senior Care
    • Retirement Communities
    • Group Homes
    • Community Placement
    • Assisted Living
    • Long Term Care
    • Nursing Homes
    • In-Home Care
    • Memory Care
  • ALTCS
  • Veteran’s Benefits
    • Eligibility
    • Benefit Types
    • VA Spouse Benefits
    • VA Application
  • About
    • Contact
    • Reviews
    • Blog