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Find out how to convert the equity in your home into tax-free cash as a lump sum with iHome Mortgage Reverse Home Loan.
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If you have questions about reverse mortgages, their website is a valuable resource for information. A reverse mortgage, also known as a Home Equity Conversion Mortgage (HECM), allows you to convert the equity in your home into tax-free cash. You have the flexibility to receive your funds as a lump sum, line of credit, tenure/term payment, or a combination, without the obligation of monthly mortgage payments.
Instead, the interest is deferred and repaid at a later date, such as when the last borrower passes away or the home is sold. It's important to note that you still retain ownership of your home and can sell it or pay off the reverse mortgage anytime without penalty. They operate in multiple states and are committed to providing equal housing opportunities.
If you have any questions or need assistance, their friendly team is just a phone call away
Company Type
Privately Held
Company Size
11-50
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