Click on the video below to learn about reverse mortgage solutions.

Learn About Reverse Mortgages

Danny Glover
Human Rights Activist & Actor

A definition of a reverse mortgage, also known as a Home Equity Conversion Mortgage (HECM), is a unique type of mortgage solution where you can convert a portion of the equity in your home into cash. The equity that you have built up over years of making mortgage payments can be paid to you through this type of loan. However, unlike a second mortgage or traditional home equity loan, borrowers of Reverse Mortgage loans do not have to pay back the loan until the borrowers no longer use the home as their primary residence or they do not meet the obligations of the mortgage.You can also use a HECM to purchase a new primary residence if you are able to use cash on hand to pay the difference between the HECM proceeds and the home price plus closing costs for the property purchase. Contact us for more information or to inquire about Reverse Mortgage Rates Programs.

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