How much of your retirement budget is tied up in your home?
Pre HECM, your only options were selling (inconvenient) or refinancing (monthly payments).
A reverse mortgage unlocks your finances and maximizes retirement.
Repay when you sell the home or it's no longer your primary residence.
A Home Equity Conversion Mortgage is the only federally insured reverse mortgage in the US. And at NeighborWorks we can see if you qualify for any of the three reverse mortgages we offer.
This material is for educational purposes only and has not been reviewed, approved or issued by HUD, FHA or any government agency. The organization is not affiliated with or acting on behalf of or at the direction of HUD/FHA or any other government agency. All information listed is subject to change without notice. Only a licensed mortgage loan officer can quote rates and terms. As with any mortgage, you must meet your loan obligations, keeping current with property taxes, insurance, maintenance and any home owners association (HOA) fees. Repayment is required once you sell the home or no longer live there as your primary residence.
Check out our resource library to see if you’re ready for homeownership!