What You Need To Be Aware Of Regarding Obtaining A HECM in Springfield Including, Options, Costs, Requirements and Receiving The Best Deal The HECM program makes it possible for elderly homeowners in Springfield Oregon to withdraw a portion 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 program allows families to stay in their home while using some of its equity. The total income that an owner can receive from the program is the maximum claim amount, which is calculated with a formula including the age of…