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Chris Allessio headshot

Chris Allessio

Senior Loan Officer – Team Lead
Movement Mortgage
NMLS ID # 1725808

Movement Blog

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September 25, 2024

What Is A HECM Debt Consolidation?

For homeowners age 62 and older*, the federally backed Home Equity Conversion Mortgage (HECM) is the most common reverse mortgage product. Over the last 15 years, the HECM has undergone significant changes, becoming a popular tool for retirees...

Chris Allessio headshot
Chris Allessio
Senior Loan Officer – Team Lead
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231 Union Blvd, First Floor, Totowa, NJ 07512
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NMLS # 1725808

State License #CA-DFPI1725808-CA Licensed by DFPI under the CRMLA, CT-LO-1725808, FL-LO60900, IA-52586, IL-031.0087224, MD, MA-MLO1725808, MI-1725808, NJ-licensed by the N.J. Department of Banking and Insurance, NY-Licensed Mortgage Banker-NYS Department of Financial Services, NC-I-219811, PA-67550, SC-MLO-1725808, TX, WV-LO-1725808