What You Should Know About Obtaining A HECM in Salem Including, Options, Costs, Requirements and Receiving The Best Deal The HECM program allows elderly homeowners in Salem Oregon to withdraw some of the equity in 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 a portion of its equity. The total income that an owner will get from the program is the maximum claim amount, which is calculated with a formula including the age of the owner, the interest rate, and…