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HECM Equity uses

Tools for Retirement Planning BETTER PLANNING FOR BETTER RETIREMENT. Reverse Mortgages: Many Users, Many Uses. Tom Davison explains how the Reverse Mortgage is not used for “last resort” any longer, but as a longevity planning tool. Reverse mortgages provide access to cash. Cash is the most flexible financial resource of all. In turn, access to […]

**The owner(s) retain title to the property that is the subject of the reverse mortgage until the person sells or transfers the property and is therefore responsible for paying property taxes, insurance, maintenance and related taxes. Failing to pay these amounts or failure to maintain the condition of your property may cause the reverse mortgage to become due immediately. A reverse mortgage is a complex loan secured by your home. Whether such mortgage makes sense for you depends on your financial situation and needs. For these reasons, you are required to consult with a qualified independent housing counselor and include family members and other trusted advisers before making this decision. This information is not from HUD or FHA and was not approved by HUD or any government agency.

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HECM Equity uses

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