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Are there different types of reverse mortgage programs available?

April 26, 2017different Programs reverse mortgage types

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Are there different types of reverse mortgage programs available?

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Yes. There are various programs with both fixed and adjustable interest rates. The most popular is the Home Equity Conversion Mortgage (HECM), which is insured by the Federal Housing Administration, a branch of the U.S. Department of Housing and Urban Development (HUD).