Understand your home equity. Explore your retirement options.

First, understand the basics.

A reverse mortgage is a loan secured by your home. A Home Equity Conversion Mortgage (HECM) is the federally insured reverse mortgage program for eligible homeowners age 62 and older. Private reverse mortgage products have different requirements.

There are no required monthly principal and interest payments on a HECM, but the borrower must meet occupancy and maintenance requirements and pay taxes and insurance. Interest and fees can increase the balance and reduce remaining equity. Costs, eligibility, and repayment terms need careful review.

For homeowners & families

• Your goals and alternativesDiscuss what you need the home equity to accomplish and compare available choices.
• Costs, responsibilities & family plansUnderstand the obligations and how the loan may affect future equity and decisions about the home.
• Purchase or remain in your homeExplore whether a reverse mortgage may be relevant to your housing plans.

For financial advisors

With your client’s permission, I can provide mortgage scenarios and explain the loan mechanics for your planning review. We can explore cash flow, possible future access to equity, projected balances, and the client’s housing goals.

The mortgage analysis supports your broader evaluation. Illustrations depend on assumptions and do not guarantee portfolio outcomes or future financial results.