Reverse Mortgages

Reverse Mortgages are now monitored by the Housing and Urban Development Agency of the federal government and are most commonly referred to as a HECM (Home Equity Conversion Mortgage).

A HECM enables you to benefit from the equity you have established in your home and use it for whatever you wish with no repayment obligations for as long as you live in the house.

The HECM
  • Provides access to dormant equity.
  • Does not change ownership of property.
  • Reduces your taxable estate.
  • Does not negatively impact other assets.
  • Does not negatively impact your retirement income.
  • Does not create monthly payment burden.
  • Does not obligate heirs.
The HECM proceeds can be used for:
  • Grandchild’s Education
  • Pay off existing mortgage
  • Home Repairs / Maintenance
  • Home Health Care
  • Pay off credit cards
  • Car Repair or purchase of new one
  • Taxes
  • Travel
  • Or for whatever else you want...