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Watch the “Blind Test” video to see why over 1 million retirees have chosen a HECM Reverse Mortgage Line of Credit!
HECM Reverse Mortgage Basics
What is a HECM?
First things first, 98% of all reverse mortgages are the Federally Insured Home Equity Conversion Mortgage, also known as a HECM, or “Heck-um”.
The “NEW” HECM is the Federal Housing Administration’s upgraded or enhanced reverse mortgage credit line program. The “Old” reverse mortgage is obsolete – making it impossible to really compare the two.
The HECM Credit Line can be an important retirement tool that allows you to access a portion of your home’s equity. The HECM provides you with Tax-Free Cash without the burden of a monthly mortgage payment.
Key Benefits of the HECM Credit Line
- Pay off your existing mortgage
- Flexible payment options for any budget
- Pay off high interest credit cards or other debt
- Make home improvements or needed repairs
- Supplement your income
- Pay off medical bills
- Protect your portfolio from market down turns
- Install senior-friendly modifications
- Replace lost social security or pension income
- Fund long-term medical care
- Retain 100% Ownership
- Easy Qualification
What Our Clients Are Saying
David Harris did a great job in handling the request for Reverse Mortgage. Knowledgable, Polite, and efficient. Great quarterback
I am very happy with Senior Lending Company. I liked the service.Very Professional and Helpful. I will recommend it .!!! Dave Harris is excellent!?
I was at first unsure of what was best for me at my age . After contacting Gary at Senior Lending ,asking a ton of questions about a reverse mortgage I…
Kristy at Senior Lending was wonderful to work with. She was professional and answered all our questions in depth. She made the process very easy for us….
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