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FHA Home
Equity Conversion
Mortgage
- Never any monthly mortgage payments
- Never risk losing your home to foreclosure
- Never have to move from your home
- Never owe more than the appraised value of the home with an FHA insured
HECM loan
- Never any credit qualifications
- Never any income qualifications
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FHA Home
Equity Conversion
Mortgage Use
- Pay off any existing mortgage loan or debt
- Fund remodeling or make needed repairs to the property
- Fund long term care
- Have a monthly annuity income
- Fund college education for grandchildren
- Have a line of credit to draw upon
- Have a lump sum to use as you wish
- Fund the down payment on a house
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