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I bring my 30 years of experience originating reverse mortgages to South Reno. Home Equity Conversion Mortgage (HECM) Traditionally known as a reverse mortgage or Home Equity Conversion Mortgage (HECM) is a federally insured home loan that allows consumers that are 62 years old and older to eliminate monthly mortgage payments (except for taxes, insurance, and home maintenance costs) and convert part of your home's equity into cash. Subject to credit approval. Terms and conditions may apply. Property insurance is required for all loans secured by property. This information is for educational purposes only. See more …
