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Real Estate Glossary
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Home equity conversion mortgage:
Loans made to older owners who want to convert equity into money. Because borrowers are qualified on the basis of the value of their home, e, the loan is not the same as a home equity loan. Also known as reverse mortgages.
As defined by Inman
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The definition for Home equity conversion mortgage and
this glossary as a whole are presented to you as a courtesy of ForeclosuresMass.
For other terms, explinations, definitions and descriptions, please
visit our Glossary page.
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