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Secure Your Retirement with Home Equity

Eliminate mortgage payments, cover healthcare costs, or supplement your income. See how a HECM fits into your golden years.

Find My Retirement Solution

More Than Just a Loan

For seniors 62+, a Home Equity Conversion Mortgage (HECM) is a strategic retirement tool. It allows you to convert a portion of your home's value into tax-free cash without selling the property or taking on new monthly bills. It is federally insured and designed to help you age in place comfortably.

Peace of Mind: You remain the owner of your home. You simply use your equity to pay for the retirement lifestyle you deserve.

Is a HECM Right for Your Retirement?

Pros for Seniors

  • Cash Flow: Eliminate existing mortgage payments or receive monthly income.
  • Independence: Funds for in-home care allow you to avoid moving to a facility.
  • Tax Status: Proceeds are generally tax-free and don't affect Social Security or Medicare.
  • Protection: Non-recourse loan means you/heirs never owe more than the home's value.

Cons & Obligations

  • Equity Reduction: Using equity now means less inheritance left for heirs later.
  • Upkeep Required: You must continue paying property taxes, insurance, and HOA dues.
  • Fees: Closing costs (origination, insurance) can be higher than standard mortgages.
  • Residency: The home must remain your primary residence.

Common Senior Scenarios

Healthcare & Home Mods

The Need: Installing a stairlift, walk-in tub, or paying for in-home nursing care.

The Solution: A Line of Credit allows you to draw funds only when medical bills arise, keeping interest costs low while ensuring care is available.

Supplementing Income

The Need: Social Security isn't covering inflation and daily living expenses.

The Solution: Tenure Payments provide a guaranteed monthly paycheck for as long as you live in the home, stabilizing your budget.

Eliminating Mortgage Debt

The Need: Still paying a $1,500/month traditional mortgage on a fixed income.

The Solution: A Lump Sum HECM pays off the existing lien instantly. You stop making monthly payments and free up $1,500/month in cash flow.

Rightsizing / Relocating

The Need: Current home is too big or has too many stairs, but you want to buy a new one closer to family.

The Solution: HECM for Purchase lets you buy a new home with ~50% down and no monthly mortgage payments on the new property.

Find Your Retirement Solution

Select your primary financial goal to see which HECM option fits best.

5 Steps to Funding

1

Education

Use our calculators to see estimates.

2

Counseling

Speak with an independent HUD counselor.

3

Application

We order the appraisal and title work.

4

Approval

Underwriting verifies all conditions.

5

Funding

Close the loan and access your funds.

Senior Planning FAQs

Does the bank own my home?
No. You retain the title and ownership of your home. The bank simply has a lien on the property, just like a traditional mortgage. You can choose to sell the home or refinance at any time.
What happens to my heirs?
When you pass away or move out, your heirs have options. They can pay off the loan balance (or 95% of the home's value, whichever is less) and keep the home, or they can sell the home and keep any remaining equity. They are never personally liable for the debt.
Will this affect my Social Security?
Generally, HECM proceeds are considered loan advances and not taxable income, so they do not affect Social Security or Medicare. However, they may affect needs-based programs like Medicaid. We recommend consulting a benefits specialist.
What if I have a younger spouse?
Non-borrowing spouses (under 62) are now protected under HUD rules. As long as they meet certain conditions, they can remain in the home after the borrower passes away, though they cannot access additional loan funds.

Trusted by Families

HUD-Approved Counselors
NRMLA Member
Elder Law Partners
"We were worried about our mom living alone with her small pension. The HECM line of credit gave us the funds to hire part-time help and fix up the house. It was a huge relief for the whole family."
- Sarah J., Daughter of Borrower

Planning Tools

Trusts & Planning

Learn how HECM works with estate planning.

Read More →

Medicaid Guide

Impact on government benefits explained.

View Guide →

Calculator Hub

Run your own numbers with our free tools.

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Schedule a Free Planning Call

No pressure. Just answers to help you make the right decision for your future.