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Types of Reverse Mortgages |
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Home Equity Conversion Mortgage (HECM)
The Home Equity Conversion Mortgage (HECM) is the oldest and most popular reverse mortgage product.
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Fannie Mae Home Keeper & Home Keeper for Home Purchase
Mortgage investor Fannie Mae developed its own proprietary Home Keeper® reverse mortgage to supplement the federally insured Home Equity Conversion Mortgage.
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Financial Freedom Cash Account
Financial Freedom, based in Irvine, CA, introduced a "jumbo" proprietary reverse mortgage product called Cash Account to benefit homeowners living in higher-priced homes valued above the FHA and Fannie Mae lending limits.
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CHIP Reverse Mortgage for Seniors
Created from a senior’s perspective, a CHIP Reverse Mortgage is a unique home equity borrowing opportunity for homeowners in Canada who are age 62 and older.
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