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Unlock Your Home’s Equity — Without Monthly Mortgage Payments
Whether you need supplemental retirement income, funds for medical expenses, or home improvements, an HECM offers flexibility with no monthly payments required.**
✅ No monthly mortgage payments*
✅ Funds received as lump sum, line of credit, or monthly payments
✅ FHA-backed for security
✅ Keep your home title
*Loan repayment is deferred until you no longer occupy the home.
Explore your options today — speak with a HUD-approved counselor.
Who qualifies for a HECM, and what are the key eligibility requirements?
You must be 62+, live in the home, have significant equity, and complete HUD-approved counseling.
What are the pros and cons of a HECM for seniors looking to access home equity?
Pros: No monthly mortgage payments, stay in your home, flexible cash options.
Cons: Reduces equity, fees involved, impacts inheritance.kground.
Are there any risks or common misconceptions about HECMs that borrowers should be aware of?
Yes. You still own your home, but failure to pay taxes/insurance or move out can lead to foreclosure.
Home Equity Conversion Mortgage (HECM)
A Home Equity Conversion Mortgage (HECM) is a government-insured reverse mortgage designed for homeowners aged 62+. It lets you convert part of your home’s equity into tax-free cash* while retaining ownership.
