What You Need To Be Aware Of With Getting A HECM in Including, Options, Costs, Requirements and Obtaining The Best Deal The HECM program helps elderly homeowners in to withdraw some of the equity in 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 a portion 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,…