HECM

The HUD Home Equity Conversion Mortgage is a newly updated, federally insured home loan for seniors over age 62.  It allows the benefits of accessing some of the equity in your home, WITHOUT having ever to make a monthly payment; the loan is paid off after you pass, or after you leave the home for 12 months.  The home stays in your name, and a non-borrowing spouse can live in the home payment-free for as long as they live as well!  Let one of our certified HECM specialists meet with you to discuss if this program can aid you in your retirement years!