Sentences with phrase «older borrow against the equity in their homes»
Not exact matches
Designed to allow older homeowners to borrow against the equity in their homes, most reverse mortgages are Home Equity Conversion Mortgages (HECM), insured by the Federal Housing Administration equity in their homes, most reverse mortgages are Home Equity Conversion Mortgages (HECM), insured by the Federal Housing Administration Equity Conversion Mortgages (HECM), insured by the Federal Housing Administration (FHA).
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A reverse mortgage is a type of loan that allows older homeowners to borrow against the equity in their homes.