A reverse mortgage (HECM) can eliminate your monthly mortgage payment and put your home's equity to work, while you keep living in and owning your home.
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A Home Equity Conversion Mortgage (HECM) is the most common type of reverse mortgage, insured by the FHA.
You're not required to make monthly principal and interest payments as long as you live in the home, keep up with taxes and insurance, and maintain the property.*
Take proceeds as a lump sum, a line of credit that can grow over time, monthly payments, or a combination.
Your name stays on the title. You retain ownership of your home, subject to the same responsibilities as any homeowner.
With an FHA-insured HECM, you or your heirs will never owe more than the home is worth when the loan is repaid, even if the balance grows past the home's value.
HUD requires an independent counseling session before closing, so you fully understand the terms before moving forward - we'll help you schedule it.
No need to sell or move to access your equity - many homeowners use it to age in place comfortably.
A required counseling step keeps this process transparent from day one.
Call, text, or submit the form below.
We estimate how much equity you may be able to access.
Required independent counseling session - we help schedule it.
We handle the paperwork and keep you updated.
Choose lump sum, line of credit, or monthly payments.
No. You remain the owner and stay on title. You're still responsible for property taxes, insurance, and upkeep, just as with any mortgage.
The loan becomes due. Your heirs can repay the balance and keep the home, sell the home and keep any remaining equity, or, with an FHA-insured HECM, they're never required to pay more than the home is worth at the time it's sold.
Like most mortgage products, a HECM has closing costs and an origination fee, which can often be financed into the loan. We'll give you a full, itemized breakdown before you commit to anything.
No. A HELOC requires monthly payments and is based on your ability to repay. A HECM is designed for homeowners 62+, generally doesn't require monthly principal and interest payments, and is FHA-insured with non-recourse protection.
No - funds can be used however you'd like: paying off an existing mortgage, covering healthcare costs, home improvements, or simply as a financial cushion.
Tell us a bit about your home and we'll follow up with your options.