Types of Reverse Mortgages

 

 - Federally insured Home Equity Conversion Mortgage (HECM) loans are the most popular - these are available with either fixed or variable interest rates

 - Fannie Mae Home Keeper loans have a higher loan limit than HECMs

 - Cash Account loans are designed for clients with more expensive homes (greater than $500,000)

Senior clients should discuss the various reverse mortgage products with a qualified reverse mortgage specialist to help decide which product is best suited for their individual situation.  Please feel free to contact Nancy Burns at HCI Mortgage at (800)376-0122. 

 

 

    


                                                                                                                                          

                     

 


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