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Frequently Asked Questions
Q: Why did Congress pass the HECM Act?
A. Congress saw a need with citizens 62 years of age or older. The concept behind the HECM is to allow people to age in their homes. Congress determined that most people, as they age, desire to do so in their current homes. However, because of reduced income this is not always possible. The HECM addresses this situation.
Related Links
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