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Home Equity Conversion Mortgages

Published on AidPage by IDILOGIC on Jun 24, 2005
Data sources: Catalog of Federal Domestic Assistance (CFDA), Grants.gov

Purpose of this program:

To enable elderly homeowners to convert equity in their homes to monthly streams of income or, except for Texas, lines of credit.

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1. kate891 posted on Dec 6, 2005 Add your comment
I am 87 years old and I am experiencing financial difficulty. It's affecting my desire to stay in the home that I built, and was wondering if there were any loans for seniors and/or remortgage options that are available and not too expensive.
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