Unlock the hidden value of your home with a Home Equity Conversion Mortgage (HECM). Designed exclusively for homeowners aged 55 or older, a HECM allows you to convert your home equity into tax-free funds, providing financial flexibility and peace of mind. Enjoy the retirement you deserve while staying in the home you love with a HECM.
Increases your monthly cash flow by eliminating monthly mortgage payments
Purchase a new Primary Residence
Complete home improvements or renovations
Supplement your retirement income
Pay for healthcare expenses
A reverse mortgage allows you to borrow money using your home as collateral, against the equity you have in the property. The money received is tax-free, and can be used for any purpose. The loan is then repaid from the proceeds of the sale of the home.
Reverse mortgages can be a useful tool for retirees who need extra income, so if you are looking for a way to supplement your retirement income, a reverse mortgage could be the perfect solution!