Top 10 Reasons for HECM or Reverse for Purchase Mortgage Loans

This material is not provided by, nor was it approved by the Department of Housing & Urban Development (HUD) or by the Federal Housing Administration (FHA).

  1. The HECM reverse mortgage loan may be utilized by borrowers of various income levels
  2. You keep title and ownership (as long as the loan conditions are met – Read the 5 important things to know below)
  3. Integrates with your Retirement Plan
  4. Relocate closer to family with a HECM for Purchase
  5. Eliminate your monthly Principal and Interest mortgage loan payments (Does not eliminate property tax, insurance or HOA payments)
  6. Refinance your current mortgage loan or HELOC (Home Equity Line Of Credit)
  7. Purchase a single level, more accessible home
  8. Growth in your irrevocable line of credit (if used)
  9. No recourse to Owners or Heirs ( if the loan amount exceeds the home’s value, the lender cannot go after the rest of the estate or the heirs’ other assets for payment – You could lose your home to foreclosure if you fail to pay property taxes, homeowners insurance, HOA fees or maintain your home in accordance with the required guidelines)
  10. Use proceeds for what you want or need

Find out how much you may qualify for by completing the calculator form or call us at

(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.