Financial Freedom offers several different reverse mortgage options to best fit your financial needs. Types of Reverse Mortgages:
1. Home Equity Conversion Mortgage (HECM)
The Home Equity Conversion Mortgage (HECM) is the oldest and most popular reverse mortgage product.
2. Fannie Mae Home Keeper & Home Keeper for Home Purchase
Mortgage investor Fannie Mae developed its own proprietary Home Keeper® reverse mortgage to supplement the federally insured Home Equity Conversion Mortgage.
3. Financial Freedom Cash Account
Financial Freedom introduced a "jumbo" proprietary reverse mortgage product called Cash Account to benefit homeowners living in higher-priced homes valued above the FHA and Fannie Mae lending limits
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