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Reverse Mortgage & HECM Knowledge Center

 

Everything you need to know about a Home Equity Conversion Mortgage(HECM), also known as a Reverse Mortgage. Learn what a reverse mortgage is, how it works, and common situations where it can be very beneficial to access your home equity using a reverse mortgage. 

Understanding a Reverse Mortgage

    1. What is a Reverse Mortgage?

    2. How Does a Reverse Mortgage Work?

    3. What is the Difference Between a Reverse Mortgage and a HECM?

    4. Calculate Reverse Mortgage Loan Amount

    5. Reverse Mortgage Payment Options

Reverse Mortgage Eligibility Requirements

    1. Reverse Mortgage Eligibility

    2. How a Reverse Mortgage Eligibility Works

Common Ways Reverse Mortgage is Best Used

    1. Help with Finances Generally and Retirement Finance Planning

      1. Paying off Existing Debt

      2. Paying for Burdensome Healthcare Costs

      3. Tax Free Cash-Flow, Used as Necessary

      4. Supplementing Your Retirement Income

      5. Diversifying Your Retirement Income

      6. Delaying Social Security Benefits

      7. Reducing Financial Pressures and Improving Monthly Cashflow

      8. Preserving Retirement Savings

      9. Getting Rid of Monthly Mortgage Payments

    1. Purchasing a New Home, Upsizing or Downsizing, or Relocating Without Depleting Retirement Savings and Avoiding Expensive Tax on Dipping into 401K

      1. Downsizing Your Home Needs

      2. Upsizing or Purchasing Your Dream Home

      3. Buying a New Home without Depleting Assets or Retirement Accounts

      4. Combining Households

      5. Moving to a Different Climate or for a Different Lifestyle

      6. Transitioning to a Retirement Friendly Home

      7. Relocating Closer to Family

      8. Home Improvement or Maintenance on Your Current Home

      9. Helping Family or Heirs Financially

      10. Traveling or Enjoying Life!

Reverse Mortgage Myths, Debunked!

    1. Myth – The Bank Owns Your Home

    2. Myth – I Can Lose My Home with a Reverse Mortgage

    3. Myth – Reverse Mortgages are a Scam

    4. Myth – Heirs Will Be Left With Debt

    5. Myth – Nothing Will Be Left For My Children

    6. Myth – Cannot Get a Reverse Mortgage if You Current Have a Mortgage

    7. Myth – Reverse Mortgages are Very Expensive

    8. Myth – I will Lose My Medicare or Social Security Benefits with Reverse Mortgage

    9. Myth – I Have to Sell My Home to Repay a Reverse Mortgage

    10. Myth – Reverse Mortgages are Last Resort For Financial Troubles

Continue Learning More about Reverse Mortgage Below

What is a Reverse Mortgage?
How Does Reverse Mortgage Work?
What's the Difference Between Reverse Mortgage & HECM
Reverse Mortgage Eligibility Requirements
The History of Reverse Mortgage & HECM

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