Description: This is the easiest to use reverse mortgage calculator. Big fonts, clear input fields, instant results. It's easy as 1-2-3. And it is free!
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A reverse mortgage is a type of loan, that allows you to convert part of the equity in your home into cash.
HECM stands for Home Equity Conversion Mortgage and in its essence is a government-insured reverse mortgage.
HECM is the most popular type of reverse mortgage.