HECM For Purchase Exceptions to Remember


A Home Equity Conversion Mortgage (HECM), or reverse mortgage, allows homeowners age 62 and older to tap into their home’s equity. The funds can be used to supplement retirement income, travel or for any number of other purposes while allowing the homeowners to remain in the home as long as they like. But, what about someone […]

Make The Most of Retirement with a HECM


For most of us, the appeal of retirement is due in great part to the freedom that it provides. The freedom to travel, re-discover a hobby, or spend time with loved ones, all while untethered from the distractions and restraints of employment. One of the methods available to enjoy this freedom is a Home Equity […]

Use a Reverse Mortgage to Finance Home Maintenance


Out with the old, and in with the new. It’s the mantra of spring cleaning, and it’s not just relegated to boxes of unused items stored in the garage. With the warmer summer months right around the corner, homeowners should ensure their homes are sealed and as energy efficient as possible. Some repairs are simply […]

Reverse Mortgages Mean Staying Ahead of Home Repairs


A reverse mortgage offers homeowners age 62 and older an affordable avenue to access their home equity. For some, this provides an opportunity to pursue a lifelong dream, while others may simply make it a part of their retirement strategy. In any case, tapping into your home’s value also makes you contractually obligated to be […]

Reverse Mortgage Process

Holding Hands

What is the process for a Reverse Mortgage? These basic steps describe the application process. Your Application Your application begins the Revere Mortgage process with the lender. It specifies fees, interest rates, loan amounts, and more. Documentation At this point you will begin collection the documents required to be approved for the Reverse Mortgage. These […]

HECM Offers A Wide Array Of Options

HECM Array of Options

  As I talk with more new clients, realtors and financial planners as well as teach classes about the Home Equity Conversion Mortgage (HECM) also commonly referred to as a reverse mortgage, most are surprised that a HECM offers a wide array of options for everyone that can be tailored to specific needs of the […]

Purchasing a Home with a Reverse Mortgage

One of the questions I have been getting asked most over the past year is “Can I REALLY buy a house with a Reverse Mortgage?” The answer is yes you can, as long as you meet the requirements. But before we get into that let’s talk about what a Reverse Mortgage for Purchase can do […]