What is a Reverse Mortgage?
A reverse mortgage (also called a Home Equity Conversion Mortgage or HECM) allows homeowners 62+ to convert a portion of their home equity into cash, a line of credit, or monthly payments — without selling the home or making a monthly mortgage payment.
Key Features
- Available to homeowners 62 and older
- No monthly mortgage payments required
- Receive funds as lump sum, line of credit, or monthly payments
- Remain in your home and retain title
- Loan repaid when you sell, move, or pass away
- FHA-insured HECM program available
Who Is This For?
Homeowners 62+ with significant equity who want to supplement retirement income, pay off an existing mortgage, or fund healthcare and living expenses.
Ready to Apply?
Talk to an Assurance Mortgage Partners loan officer about your Reverse Mortgage options today.
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