A Reverse Mortgage is a financial tool that allows eligible homeowners 62 and older to create cash flow and financial peace of mind at a time in life when they need it most.
Monthly mortgage payments can be eliminated and the senior homeowner(s) always remains on title.
Now while it’s not for everyone, the Reverse Mortgage is an underutilized product in the Mortgage Lending world. With 10,000 people every day turning 65 years old and more than half of those with mortgage debt…it’s time to put fresh eyes on this program. There simply isn’t a loan that has this amount of flexibility or allows for more options to the homeowner.
A Home Equity Conversion Mortgage (HECM), commonly known as a reverse mortgage, is a Federal Housing Administration (FHA) insured loan which enables seniors to access a portion of their home’s equity to obtain tax free funds without having to make monthly mortgage payments.
HECM reverse mortgages create more options – more monthly cash-flow – more financial peace of mind. A Reverse Mortgage is the best kept secret in mortgage lending…
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