A HECM is a home equity conversion mortgage, sometimes known as a reverse mortgage. These loans have become very popular with our 62 years old and up clientele, who have great equity and are looking for a little income as well as a credit line to help supplement their income in retirement. These loans are safe, secure, backed by the Federal government, and you can still stay in your home,and your heirs will not have to pay an excess over the selling price of the property.
Here is more information on a reverse mortgage that we offer-
Please give me a call at 925-216-6233 if you have any questions about this product.