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2. 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 ...

3. 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 ...

4. 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 ...

5. Reverse mortgage - Wikipedia

   en.wikipedia.org/wiki/Reverse_mortgage

   In the United States, the FHA-insured HECM (home equity conversion mortgage), a.k.a. reverse mortgage, is a non-recourse loan. In simple terms, the borrowers are not responsible to repay any loan balance that exceeds the net-sales proceeds of their home.

6. Home equity loan vs. HELOC: Which is best for borrowing ... - AOL

   www.aol.com/finance/home-equity-loan-vs-heloc...

   A home equity conversion mortgage is a special type of loan for homeowners ages 62 and older who own their homes outright or are close to paying them off.

7. Home equity - Wikipedia

   en.wikipedia.org/wiki/Home_equity

   Investors typically look to purchase properties that will grow in value, causing the equity in the property to increase, thus providing a return on their investment when the property is sold. [2] Home equity may serve as collateral for a home equity loan or home equity line of credit. Many home equity plans set a fixed period during which the ...

8. Home equity loan - Wikipedia

   en.wikipedia.org/wiki/Home_equity_loan

   Home equity loans come in two types: closed end (traditionally just called a home-equity loan) and open end (a.k.a. a home equity line of credit (HELOC)). Both are usually referred to as second mortgages, because they are secured against the value of the property, just like a traditional mortgage. Home equity loans and lines of credit are ...

9. 4 ways to get equity out of your home — and what to know ...

   www.aol.com/finance/how-to-get-equity-out-of...

   A reverse mortgage — also called a home equity conversion mortgage — is a type of mortgage that’s available to homeowners who are at least 62 years old and either own their home outright or ...