The Home Equity Conversion Mortgage (HECM)
Also known as a Reverse Mortgage, a HECM has many unique advantages for seniors age 62 or older.
This HUD regulated, FHA Insured Home Loan was created specifically to help American Senior Homeowners like you by providing alternative options for maintaining their homes throughout their retirement. Adding a little more money to your already stretched budget by eliminating monthly mortgage payments and reducing your financial obligations to only paying property tax, homeowners insurance and HOA fees if applicable.
Tax Free Income
Proceeds from a HECM loan are not considered taxable income with no effect on Social Security or Medicare benefits.
FHA Insured
FHA mortgage insurance protects the lender’s investment should a homeowner default on the mortgage.
Repay Anytime
Continue to live in and own the home without a monthly mortgage payment while maintaining property taxes and insurance.
Use as needed
It’s your money, use it to over medical expenses, make home repairs or improvements, pay in-home care or take vacations.
Download Our Free Reverse Mortgage Booklet to read offline.
