A Home Equity Conversion Mortgage (HECM), commonly known as a reverse mortgage, is a specialized loan program designed to help homeowners aged 62 and older tap into their home equity while continuing to live in their homes. With a reverse mortgage, you can access funds as a lump sum, monthly payments, or a line of credit—offering you flexibility and financial freedom during retirement.

Unlike traditional loans, HECMs don’t require monthly mortgage payments. Instead, the loan is repaid when the home is sold, the homeowner moves out permanently, or the loan reaches maturity. This makes reverse mortgages an excellent option for seniors looking to supplement their income, cover medical expenses, or enjoy a more comfortable lifestyle.

As a mortgage lender, I’m here to guide you through the process, answer your questions, and help determine if a reverse mortgage is the right fit for your financial goals. Let’s work together to unlock the potential of your home equity.