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How Does the Variable-Rate HECM Work?

January 30, 2016 by HECM ProThe variable-rate HECM is the most popular product in today’s reverse mortgage marketplace. It’s more flexible and customizable than it’s fixed-rate counterpart and will often offer more cash as well. It comes with a variable interest rate that can move around over time, but only within certain limits. If the … Read More >

How Does the Fixed-Rate HECM Work?

January 30, 2016 by HECM ProThere are two main FHA-insured reverse mortgage products, the fixed-rate HECM and the variable-rate HECM. The fixed-rate HECM is generally the less popular of the two because it isn’t as flexible and customizable as the variable-rate HECM, but it is still a great reverse mortgage option for many people. It comes with the security and predictability of … Read More >