The Basics

What is a Reverse Mortgage?

A reverse mortgage, or HECM (Home Equity Conversion Mortgage), is a loan that enables homeowners, who are at least 62 years old, to convert some of their home equity into cash. A HECM can also be used to finance a home purchase.

How does it work?

With a Reverse Mortgage, the borrowers continue to live in and own their home. Unlike a traditional home equity loan or second mortgage, no monthly payments of the loan are required, as long as the borrowers comply with the terms of the mortgage loan. The homeowners remain responsible for keeping current with property taxes and hazard insurance and maintaining the condition of the home.

Free No-Obligation Analysis

To learn more and to see if a reverse mortgage is right for you, contact us today and set up a free no-obligation analysis with one of our licensed specialists!

Am I Eligible?

Common Uses

Talk to a Reverse Mortgage Expert Today

We’re here to answer any questions or concerns you may have about a Reverse Mortgage. Call us direct or fill out the form on the contact page to have a reverse mortgage specialist contact you.