HECM BASICS

This website is designed to show you how the New Federally Insured HECM Credit Line can help you achieve your financial goals.  HECM stands for Home Equity Conversion Mortgage. The HECM Credit Line is a smart type of home equity line of credit geared toward helping retirement-aged homeowners gain better control over the repayment of their mortgages. The HECM allows you the flexibility to pay any amount, at any time towards the balance without any penalties.

Repayment of a HECM is NOT required until the borrower dies or moves out of the house permanently. The HECM Credit Line will NOT be reduced or closed for any reason as long as you live in the property, even if the housing market declines. And as an added bonus the Credit Line Limit actually increases or GROWS every year no matter what the housing market is doing.

Payments are completely Optional or Flexible. To qualify for a HECM, borrowers must be 62 or older. HECMs are insured against loss by the Federal Housing Administration FHA, which means they are non-recourse or have no personal liability.

The HECM Credit Line can also be used to supplement your income, protect your savings or retirement accounts as well as provide cash reserves for emergencies. The HECM has been proven by recent research to be a vital planning tool that can help you live out your golden years in comfort and security.

You can use the proceeds from your HECM Credit Line to:

 Retire your existing mortgage
 Supplement your income
 Replace lost social security or pension income
 Pay off credit card & other debt
  Protect your portfolio from a down or bear market
  Do home improvements or needed repairs
  Install senior-friendly home modifications
 Advance inheritance money to your heirs

As you can see, the funds can be used for any situation that you may have. No matter what your current financial situation, a Federally Insured HECM Credit Line can secure and enhance your retirement. We look forward to the opportunity to serve your financial needs. Please feel free to input your information on the right for further details of the Federally Insured HECM Credit Line or for faster response please call us at 1-800-822-1190.

HECM Basics