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Can you refinance a home equity conversion mortgage? Yes, this is where you pay off an existing HECM with a new HECM loan. And here’s why…
I cannot recall a better time to get a reverse mortgage. Rates are the lowest that I’ve seen, and property values are still high.
If the FHA insured reverse mortgage, known as the Home Equity Conversion Mortgage (HECM), is anything, it is an incredibly flexible financial instrument.