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A home equity conversion mortgage (HECM) is a type of reverse mortgage insured by the Federal Housing Administration that allows seniors to convert the equity in their home to cash. These reverse mortgages are increasing in popularity with senior homeowners who want to supplement their income. Join us to learn more about the pros and cons of these reverse mortgages, taxes and other costs involved in the process, and what happens when the homeowner passes away.
Hosted in partnership with DRN.
Registration: $80
Scholarships: Housing Action Illinois offers a limited number of training scholarships for housing counselors who work for HUD-approved agencies. Learn more and apply here »
What You Should Know About Home Equity Conversion Mortgages (HECM)
May 17, 18 | 1:00–3:00 pm CT
What You Should Know About Home Equity Conversion Mortgages (HECM)
May 17, 18 | 1:00–3:00 pm CT
What You Should Know About Home Equity Conversion Mortgages (HECM)
May 17, 18 | 1:00–3:00 pm CT
We look forward to having you join us for What You Should Know About Home Equity Conversion Mortgages (HECM).
You will receive a confirmation email with a link to join via Zoom. If you have any questions, contact Bibian Cristino at bibian@housingactionil.org.