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What is Home Equity?

  • Your Home Equity is the cash difference between what a home currently can sell for and any mortgage(s) balance still owed on the home.  It’s the available net cash possible after paying off the mortgage(s).
     

  • If there isn’t a mortgage, Home Equity is the current selling price of a home.

WHAT IS HOME EQUITY
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What is a Home Equity Conversion Mortgage (HECM)? 

It’s a way for homeowners over 62 
to convert a portion of their
Available Home Equity into a 
GROWING  CASH  RESERVE  FUND.
•

WHAT IS A HECM
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A  Home Equity Conversion Mortgage (HECM) can reveal hidden
“MONEY IN THEIR WALLS” 
that you may not realized is there.

A HECM REVEALS
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Financial Flexibility Services

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email: allan@financialflexibility.services

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*Borrower is responsible for property taxes, homeowners insurance and property maintenance in order for the loan to remain in good standing.  A HECM is a home-secured loan that must be repaid upon default or a maturity event such as when the home is sold, all home owners have passed away or the last surviving borrower no longer lives there as their primary residence.

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