Reverse Mortgage
Live, travel and explore more without the burden of Monthly Mortgage Payments, Inflation and Economic Uncertainty
The HECM, (Home Equity Conversion Mortgage) is a type of Reverse Mortgage loan for homeowners who want to convert some of the equity they've built in their home into cash during retirement.
1
Increase Your Cash Nest Egg Today - Boost Retiremnent Savings
The HECM mortgage is a secure way for you to access a portion of your home's available equity whenever you need it as a lump sum of cash or a line of credit. Borrows can use the cash for home remodeling projects, pay off debt, buy rental property, or start a new business.
2
No Monthly Mortgage Payment Obligation - Create Financial Longevity
This Program is also a U.S. Government (FHA & HUD), regulated program and the only type of mortgage that never requires a monthly payment of principal and interest as long as you live in your home. Borrowers can grow their retirement funds, and increase their monthly income to use for paying bills or medical expenses such as a home health care plan.
3
Increase Home Buying Power - Downsize/Rightsize To A New Home
You can use a HECM mortgage to purchase a new primary residence when you find that your existing home no longer fits your needs or you want to move to a more desirable retirement location. Unlike when you purchase a new home with a traditional mortgage, purchinagin a home with HECM mortgage does not require monthly mortgage payments. Homeowners can move closer to family and friends or downsize/rightsize to a nearby homes that better meet their physical needs like a single-story home.
