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    HECM in Hillsboro OR – Home Equity Conversion Mortgage

    What You Must Understand About Getting A HECM in Hillsboro Including, Options, Costs, Requirements and Receiving The Best Offer The HECM program allows elderly homeowners in Hillsboro Oregon to withdraw 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 loan program allows families to stay in their home while using some of its equity. The total income that an owner will get from the program is the maximum claim amount, which is calculated with a formula including the age of the owner, the interest rate, and…

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