What are the advantages of a reverse mortgage?

The HECM Reverse mortgage loan may offer advantages that provide relief from financial challenges. Whether you’re looking to pay off bills, purchase a new home, or convert your equity to additional income to help enjoy your retirement, the HECM loan may be the answer for you.

  • A reverse mortgage can be utilized in a variety of ways for a variety of different borrower types. De-stress your finances or use it as a financial planning tool. It’s up to you.
  • Generally no impact on Social Security or Medicare Benefits (Exceptions May Apply)
  • You Maintain Ownership as long as you abide by the HUD conditions and do not default on the loan terms
  • Proceeds are NOT CONSIDERED INCOME – consult your tax advisor
  • May Eliminate Your Monthly Principal and Interest Mortgage Payment (You must stay current on paying property taxes, insurance, HOA fees, maintain home and comply with loan terms)

Give us a call to learn more:

(800) 779-1020

Phone Call Authorization - Please Read

By submitting this estimate request form, I authorize HighTechLending doing business as Golden Heritage Financial to contact me to discuss the information submitted on the form in order to provide information about the loan, answer any questions you may have, help determine your qualification for the HECM reverse mortgage and if you’re interested help you apply for the loan even if the telephone number provided is currently listed on a corporate, state, and/or federal Do-Not-Call list(s). I understand that I am not required to give my consent as a condition of purchasing any goods or services from HighTechLending doing business as Golden Heritage Financial.  I may revoke my consent at any time by contacting Samy Khoury at  skhoury@hightechlending.com.

Important Disclosures

5 Important Things To Understand As You Consider A HECM Reverse Mortgage Loan

1

At the conclusion of a reverse mortgage, the borrower must repay the loan and may have to sell the home or repay the loan from other proceeds.

2

Charges will be assessed with the loan, including an origination fee, closing costs, mortgage insurance premiums and servicing fees.

3

The loan balance grows over time and interest is charged on the outstanding balance.

4

The borrower remains responsible for property taxes, hazard insurance and home maintenance, and failure to pay these amounts may result in the loss of the home.

5

Interest on a reverse mortgage is not tax-deductible until the borrower makes partial or full repayment.