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Since federally-insured HECM loans are regulated by the U.S. government, are all HECM loans the same?

April 26, 2017federally-insured government hecm Loans regulated

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Since federally-insured HECM loans are regulated by the U.S. government, are all HECM loans the same?

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A. Yes and no. All HECM lenders must follow HUD rules and many of the loan costs, including the interest rates, will be the same no matter which reverse mortgage lender you choose.