Financial Freedom to offer LIBOR-indexed HECMsMortgagePress.comLIBOR-indexed HECMs Financial Freedom has introduced its first LIBOR-indexed Home Equity Conversion Mortgage (HECM), the Financial Freedom HECM Monthly LIBOR 65. The interest rate for this product will be calculated based on the one-month LIBOR index, and it will provide borrowers with all the features and benefits of other HECMs. Irvine, Calif.-based Financial Freedom is a subsidiary of Pasadena, Calif.-based savings and loan IndyMac Bank FSB. For more information, call (888) 738-3773 or visit www.financialfreedom.com.
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