Why the Reverse Mortgage Line of Credit is Fantastic

How much can you get from a HECM reverse mortgage? Find out using our proprietary HECM reverse mortgage calculator: https://www.myhecm.com/calculator The HECM reverse mortgage line of credit is fantastic! You get all the convenience of a HELOC, but without the payment. What is a HECM Reverse Mortgage? The HECM reverse mortgage is designed to give seniors 62 or older access to a large portion of their home's value without a mortgage payment or giving up ownership of the home. No mortgage payments are required as long as at least one borrower (or non-borrowing spouse) is living in the home and paying the required property charges. You always remain the owner of the home and are free to leave it to your heirs, who will inherit the equity in the home. The HECM reverse mortgage is a non-recourse loan. That means the most that will ever have to be repaid is the value of the home. Proceeds can be received in the form of a lump sum, line of credit, monthly income, or some combination of all three! The reverse mortgage line of credit has the convenience of a HELOC, but requires no mortgage payment. Even better, the reverse mortgage line of credit grows and gives you access to more equity automatically! How much can you get from a HECM reverse mortgage? Find out using our proprietary HECM reverse mortgage calculator: https://www.myhecm.com/calculator