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.