What You Must Be Aware Of Regarding Getting A HECM Including, Options, Costs, Requirements and Getting The Best Deal The HECM program makes it possible for elderly homeowners  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 remain in their home while using a portion of its equity. The total income that an owner will get through the program is the maximum claim amount, which is calculated with a formula including the age of the owner, the interest rate,…