Flexible Loan Options
For Your Retirement Needs

Home Equity Conversion Mortgage (H.E.C.M)

What is a HECM Reverse Mortgage?
HECM stands for Home Equity Conversion Mortgage, better known as a Reverse Mortgage. Borrowers who qualify can borrow against the home’s equity. As long as property taxes and insurance are paid, qualified homeowners will have optional mortgage payments for as long as they live in the home.

HECM Qualifications

  • You must be at least 62 years or older
  • You must have enough equity in your home
  • You must continue to pay property taxes and insurance
  • Your home must be your primary residence
  • You must complete a counseling session with a HUD-approved counseling agency
HECM for Purcahse from American Senior

HECM For Purchase

A Home Equity Conversion Mortgage (HECM) for Purchase is a reverse mortgage that allows seniors, age 62 or older, to purchase a new principal residence using loan proceeds from the reverse mortgage. Now you can buy your home and have optional mortgage payments.

  • Flexible repayment features that the borrower can choose from
  • You can choose to repay as much or as little as you would like each month
  • No monthly principal and interest payments option available
  • Preserve more savings and retirement assets, and improve cash flow

As with any mortgage, the borrower must keep current with property-related taxes, insurance and maintenance as part of their ongoing loan obligations.

Jumbo Reverse

Jumbo Reverse Mortgages – also known as Proprietary Reverse Mortgages – are loans designed and offered by financial institutions that enable owners of high value homes to access greater amounts of their home equity than is available from the government insured HECM Reverse Mortgages.

Jumbo Reverse American Senior

Get Started

Our absolutely FREE information kit will help you and your loved ones understand the basics of the Reverse Mortgage product.

Questions? Call Us at (866)619-6947


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