A Reverse Mortgage is Right for You
A financial option that can help you achieve the retirement you’ve always imagined.
A versatile financing tool geared towards your needs. Whether you’re retired, about to retire, working part-time or still working—if you’re a homeowner 62 or older, there’s a special financing tool that can better suit your needs now and in the future:
It’s called a Home Equity Conversion Mortgage (HECM). For example, you could use it to:
- Refinance an existing mortgage or consolidate debt, to reduce your monthly bills
- Gain more financial flexibility and control
- Pay for large purchases, like a new automobile
- Fund major home renovation projects
- Establish a standby line of credit you can tap into as needed
- Buy a home
You may have more options than you realize. These days, many people nearing or in retirement are realizing that they do not have the resources they need to retire in the way they envisioned, and they have financial worries. This is why more and more homeowners—and their financial advisors—are viewing HECMs as an indispensable part of a successful retirement.
With this highly flexible loan option, you can choose to take your funds as one lump sum, a line of credit, a monthly stream of funds for as long as you live in the home, or a combination of these.
Get more details in one quick conversation. We invite you to learn more.