What You Ought To Know About Obtaining A HECM in Gresham Including, Options, Costs, Requirements and Finding The Best Offer The HECM program enables elderly homeowners in Gresham Oregon to take out 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 allows families to stay in their home while using some of its equity. The total income that an owner will get through the program is the maximum claim amount, which is calculated with a formula including the age of the owner, the interest rate,…