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A Home Equity Conversion Mortgage
(HECM) loan can:
USE
Home 3 Be used as a standby line of credit
3 Supplement health insurance
3 Fund in-home care
Equity 3 Cover home repairs or modifications
to Age in Place 70% of those 65+ will need assistance
at some point
1
25% fewer doctor visits occur 2
when home care is in place
AAG109