Living Your Best Life... with a HECM for Purchase Loan

Do you feel overwhelmed seeing your retirement accounts shrinking and your home equity increasing? Did you know there is a way to access your home equity to help meet more of your retirement goals? Would you like to move closer to family but aren’t sure how to do so?

With a Home Equity Conversion Mortgage (HECM) loan, you have flexibility when it comes to receiving the proceeds. Several options can fit your needs and allow you to receive additional cash flow.

• Lump sum: Can be used to purchase a new home
• Tenure: Equal monthly payments
• Term: Equal monthly payments for a fixed period of months, as determined by the borrower
• Line of Credit: Payments made in installments or at various times, as determined by the borrower. Any unused funds have a growth feature
• Combination of the Above Options That Are Right for You

To help homeowners learn more about HECM loans, I’ve put together a series of introductory HECM loan webinars to help educate homeowners on the benefits of using their home equity to meet their retirement needs. If you are interested in registering for one of my webinars on our introduction to a HECM Loan, HECM Line of Credit, or HECM for Purchase webinars, please CLICK HERE to access my events page on my website.