What You Want To Know About Getting A HECM in Woodburn Including, Options, Costs, Requirements and Obtaining The Best Offer The HECM (Home Equity Conversion) program enables elderly homeowners in Woodburn OR to take out some of the equity of their home in the form of monthly payments for life or a fixed term, or in a lump sum, or through a credit line. This reverse mortgage loan allows families to remain in their home while using some of its equity. The total income that an owner can receive through the program is the maximum claim amount, which is calculated with a formula including the age of the owner, the…