Reverse Mortgage Glossary

Loan program

Most HECM lenders offer two types of HECM loan programs, the variable-rate HECM, and the fixed-rate HECM. The differences between the two are in how the interest rate is structured and how you can receive the funds.

Which program is best for you depends on your goals and qualifications for the reverse mortgage. For more information about each program, click the links below.

How Much Can You Get From a Reverse Mortgage?

Check out our no-strings-attached HECM reverse mortgage calculator to find out how much you may be able to get from a reverse mortgage. It's simple to use and fast!