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Understanding the Home Equity Conversion Mortgage
By | June 3, 2008
Topics: Rich Dad Poor Dad |
You’ve probably have heard of home equity conversion mortgage or HECM. This was introduced by the government through the Federal Housing Administration as a way to assist senior citizens to secure loans. This is a federally insured government program which makes it easier for senior citizens to use their home equity value in order to take out a loan.
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Understanding the Home Equity Conversion Mortgage
