Home Equity Conversion Mortgages (HECM) are FHA insured mortgage loans available to homeowners age 62 or older. Seniors who have equity in their homes, and continue to pay taxes and insurance, can invest in a HECM loan to supplement their income.
HECM loans are beneficial for a number of reasons:
- Retire sooner and stay in your home
- Eliminate mortgage payments and gain financial flexibility
- Get money out of your home tax free as a mortgage loan distribution
- Practical financial solution to manage life’s challenges
- Simple, modernized process to maintain home ownership
Get the best HECM loan for your situation. Discuss your financial goals with an expert HECM Loan Advisor to understand your program choices. Before applying for a loan, get the personalized loan options you are pre-qualified for in writing. Royal United Mortgage LLC has earned a reputation of outstanding customer service, accurate upfront offers, and industry leading closing times. Work with a professional who will answer all of your questions so you can invest with confidence.
Know your options. Make an informed choice.
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