A Better Life is Within Reach

Discover the Home Equity Conversion Mortgage: the only loan developed specifically for seniors age 62+ that gives you the choice to permanently, monthly, or periodically OMIT your monthly mortgage payment.*

*Borrowers must continue to pay property taxes, homeowners insurance, and home maintenance costs.

The Home Equity Conversion Mortgage (HECM) Explained

The HECM is a loan specifically designed for seniors aged 62 and older. Spouses are allowed to be under 62. The HECM gives seniors a variety of options depending on how much equity they have. The most common option is to simply omit the mortgage payment, but other options are: receive cash at closing, &/or receive a monthly payment, &/or set up a line of credit which can be accessed if other expenses arise. This loan is a Federal Housing Administration (FHA) loan.

Like any other mortgage, the HECM has an interest rate associated with the loan, but instead of the principal going down like on a normal mortgage, the principal goes UP because borrower is NOT paying the interest and anything towards the principal. No interest or payments are required as long as at least one borrower is living in the home for 6 months and 1 day and is paying the required fees, such as homeowners insurance, property taxes, and on-going maintenance costs. The home must be a principal residence. For more information, see ELIGIBILITY REQUIREMENTS.

Why Choose the HECM?

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Eliminate Monthly Mortgage Payment

Free up cash to reduce taxable withdrawals from your retirement accounts, pay off debs, &/or live a more comfortable lifestyle.

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Access Cash

Proceeds can be used however you want! You can pay for ongoing  healthcare costs, home repairs, renovations, travel, or to buy another home. It's YOUR NON-TAXABLE money, you can choose! Your equity is like your bank account, we’re just helping you access it! 

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Stay in Your Home

The HECM gives you the option to stay in the home you love, while still maintaining ownership. 

What People are Saying about the HECM


My reason for doing the HECM was to free up some cash for repairs/small projects around my home without dipping into my 401k-type retirement. I had been delaying due to not wanting to deduct from my retirement principal. It worked well for that purpose and I am happy with my decision. As to Kathy and her help, not enough can be said about her advice, help, knowledge, energy, and concern for her clients .She is the best one could hope for.

Rick C. | Retired Airline Pilot

I'd like to thank you for your help in understanding the ins and outs of this loan. This helps me toward my retirement years and keeps me in my home.

Mike K. | Artist