Real Property

HECM -- Reverse Mortgage

Learn about the definition for this legal term.

What is HECM -- Reverse Mortgage?

The reverse mortgage is used by senior homeowners age 62 and older to convert the equity in their home into monthly streams of income and/or a line of credit to be repaid when they no longer occupy

Further Reading

For more detailed information, see our related Real Property terms:

Stephanie Bagnall

Reviewed by

Stephanie Bagnall

Licensed Attorney and Legal Researcher

Stephanie Bagnall is a Georgia-licensed attorney and legal researcher with experience in accessibility law, compliance, employment law, and legal writing. She helps develop and review BarPrepHero's Legal Terms content for clarity, accuracy, and usefulness to bar exam students.

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