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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.