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Reverse Mortgage Benefits

The Federal Home Equity Conversion Mortgage (HECM) is one of the most innovative and beneficial loan programs in existence. It provides improved cash flow for people on fixed incomes, and even provides cash out.

Get Cash in a Lump Sum or Monthly Payments

Imagine getting cash out - TAX FREE and PAYMENT FREE - from your home's equity. It's real, and we'll show you how.

Maintain Ownership of Your Home

You stay on title to your home and maintain full ownership. Your home can be passed on to your heirs in the traditional way.

Eliminate Mortgage Payments

Can you imagine a loan with no mortgage payments? The Federal Government has made it possible if you're 62 and older and own your own home.

Does Not Affect Social Security

This program doesn't affect your Social Security or pension benefits. Continue to receive the benefits - just end the mortgage payments!

Inquire now for a free customized report!

The customized report will show you the amount of tax free cash you are eligible to receive and what other options are available tailored to your needs!

Frequently Asked Questions

The Federal Home Equity Conversion Mortgage (HECM) is one of the most innovative and beneficial loan programs in existence. It provides improved cash flow for people on fixed incomes, and even provides cash out.

Does the lender own the home?

You will retain the title and ownership during the life of the loan, and you can sell your home at any time. The loan will not become due as long as you continue to meet loan obligations such as living in the home, maintaining the home according to the Federal Housing Administration requirements, and paying property taxes and homeowners insurance.

Does the home have to be free and clear of mortgages?

Many borrowers use the Home Equity Conversion Mortgage (HECM) to pay off an existing mortgage and eliminate monthly mortgage payments.

Is the cash that I take out taxable as income?

HECM loan proceeds are tax-free as it is not considered to be income. However, it is recommended that you consult with your financial advisor and appropriate government agencies for any effect on taxes or government benefits.

Is the borrower restricted on how the loan proceeds are to be used?

The cash proceeds from a HECM loan can be used for any reason. Many borrowers use it to supplement their retirement income, delay receiving social security benefits, pay off debt, pay for medical expenses, remodel their homes, or help their adult children.

Isn’t this loan only for poor people?

The perception of the HECM loan as assistance for the “poor” borrower is changing. Many affluent older borrowers with multi-million dollar homes and health retirement assets are using HECM loans as part of their financial and estate planning, and are working closely in conjunction with financial professionals and estate attorneys to enhance the overall quality and enjoyment of life.

Contact Us

Please click here to fill out a no-cost, no-obligation inqiury to help connect you to a local HECM specalist.

Address

17725 Crenshaw Blvd. Suite 306
Torrance, CA 90504

Phone Number

+1 (888) 891-1729