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  2. Should You Get a Home Equity Conversion Mortgage (HECM)? - AOL

    www.aol.com/news/home-equity-conversion-mortgage...

    A HECM is a reverse mortgage through the Federal Housing Authority (FHA) that converts your home's equity into … Continue reading ->The post Should You Get a Home Equity Conversion Mortgage ...

  3. Fact vs. fiction: Top 8 common home equity myths — debunked

    www.aol.com/finance/home-equity-myths-debunked...

    Also called a Home Equity Conversion Mortgage (HECM), the reverse mortgage is designed to allow homeowners ages 62 or older to supplement their retirement income using the equity in their home ...

  4. Housing and Community Development Act of 1987 - Wikipedia

    en.wikipedia.org/wiki/Housing_and_Community...

    The amendments revised sections of the Act concerning community and neighborhood development, family and single housing, and preservation for low income home owners. The law provided insurance for FHA Home Equity Conversion Mortgages (HECM) better known as a home equity conversion loan or reverse mortgage.

  5. HEC Montréal - Wikipedia

    en.wikipedia.org/wiki/HEC_Montréal

    HEC Montréal was founded in 1907 by the Board of Trade of Metropolitan Montreal.Its initial building in Viger Square is now called the Gilles Hocquart Building. [2]In 1988, a group of HEC students established Jeux du Commerce, where more than 1300 students from 14 universities in Eastern Canada gather annually for academic, social, and sports events.

  6. Reverse mortgage: What it is and how it works - AOL

    www.aol.com/finance/reverse-mortgage-works...

    The most common type of reverse mortgage is a Home Equity Conversion Mortgage (HECM), for borrowers ages 62 and older. Some reverse mortgage lenders offer other options for borrowers ages 55 and ...

  7. Reverse mortgage - Wikipedia

    en.wikipedia.org/wiki/Reverse_mortgage

    The "HECM for Purchase" applies if "the borrower is able to pay the difference between the HECM and the sales price and closing costs for the property. [30] The program was designed to allow the elderly to purchase a new principal residence and obtain a reverse mortgage within a single transaction by eliminating the need for a second closing.

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