Consolidate debt
Review how home equity could help manage existing balances.
Founded 1989. Our advice can save you thousands!
Founded 1989Reverse Mortgages
One of the greatest financing tools ever created for the right situation - but it's not for everyone.
Once you understand the power of a reverse mortgage, you can decide if it's right for you - and we can help you do that.
A HECM reverse mortgage is available to homeowners 62 and older who live in the home as their primary residence. Other programs have different rules. Eligibility and program terms apply.
Discuss your questions with Carl, or continue to our secure portal.
37 yearsPersonal guidanceA plan, not a sales pitch
What could it help you do?
Increase cash flow
Explore whether a reverse mortgage fits your monthly budget.
Keep your investments
Consider using home equity instead of having to sell stocks.
Start or buy a business
Reverse mortgage financing may be the best way to finance your entrepreneurial dreams.
A reverse mortgage is a loan, not free money. Interest and fees add to the balance. Property taxes, insurance, upkeep and occupancy requirements still apply. Investments can fall in value. Using home equity for a business puts that equity at risk. Eligibility and program terms apply.
Important questions. Plain answers.
Is a reverse mortgage free money?
No. It is a loan secured by your home. You owe the amount borrowed plus interest and fees. The balance generally grows over time, reducing the equity left in your home.
What homeowner obligations remain?
For a HECM, you must keep the home as your principal residence, pay property taxes and insurance, and keep it in good repair. Other property charges may apply. Not meeting loan obligations can lead to default and foreclosure. Requirements vary by program.
When does the loan have to be repaid?
Reverse mortgages typically become due when the borrower dies, sells the home or no longer uses it as a principal residence, subject to applicable borrower and eligible-spouse protections. Failure to meet loan obligations can make repayment due sooner. Review the specific terms before deciding.
What about stocks or business funding?
Keeping investments does not guarantee they will gain value. A business can lose money. Using home equity for either purpose creates a home-secured debt that remains even if the investment or business does not succeed. Review the risks and alternatives with appropriate financial, tax and legal advisers.
LET'S TALK
Find out if it fits your life.
Discuss your questions with Carl, or continue to our secure portal.
Ready for the next step?
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