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Granite Texture

What is a Home Equity Conversion Mortgage (referred to as a HECM)

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

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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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