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HECM in Keizer Oregon – Home Equity Conversion Mortgage
What You Want To Know About Obtaining A HECM in Keizer Including, Options, Costs, Requirements and Receiving The Best Deal The HECM program enables elderly homeowners in Keizer Oregon to pull out some of the equity of their home in the form of monthly payments for life or a fixed term, or in a lump sum, or through a line of credit. This reverse mortgage program allows families to remain in their home while using some of its equity. The total income that an owner can receive from the program is the maximum claim amount, which is calculated with a formula including the age of the owner, the interest rate,…