A place to begin
A Home Equity Conversion Mortgage is a federally insured reverse mortgage option for eligible homeowners age 62 and older.
Bring the full picture
Age, property information, existing liens, income and the goals for using equity.
Consider the tradeoffs
Counseling and eligibility review are required. The loan can become due when applicable repayment events occur.
A collaborative review
We start with your priorities and compare feasible paths. Ask about cash required, payment changes, fees, maturity and what happens if your plans change. The right next step is an informed conversation, not a rushed selection.
Is this program right for me?
That depends on the complete scenario. An advisor needs to review the property, finances, intended use and applicable lender requirements.
What happens after we speak?
We identify useful next steps and any documentation needed. A conversation or inquiry is not an approval or rate lock.
Programs, terms and eligibility are subject to change. No approval, rate, savings or availability is guaranteed.
Independent resource: CFPB reverse mortgage guidance.