Home Equity Conversion Mortgages (HECM)

• HECM can be used as a supplement to your income. Social Security is the only source of income for most of the seniors and sometimes its not enough to fulfil their daily requirements.

• HECM can be used to make changes in the house or make some improvements. The money can be used to pay off your taxes and bills.

• HECM can be used to pay off your existing mortgages and can still hold substantial amount of money.

• Money obtained from HECM can be used to help your relatives financially as there are no restrictions on the use of the money.