A reverse mortgage loan is the commonly used term for a federally insured Home Equity Conversion Mortgage (HECM). It is a loan that lets you stay in your home and turn your home's equity into cash or pay off an existing mortgage.
You will find the answers to many of your questions on our Frequently Asked Questions page or you can call us to set up a no-cost, no-obligation consultation with our Reverse Mortgage Director, Mike Peerless, NMLS# 1073735.
We can help you decide if this retirement planning tool is a good option for your situation.
Reverse Mortgage Loans aren't for everyone, but they're a powerful alternative for some!