“You’ve taken care of your home, now let your home take care of you.”
Terra Vista Mortgage, LP
What is a Reverse Mortgage
A reverse mortgage, also known as the FHA Home Equity Conversion Mortgage (HECM), is a federally insured loan that allows you to convert some of the equity in your home into tax-free cash. It is a unique loan that is easy to obtain if you are at least 62 years of age and own your own home or condo.
FHA reverse mortgages come with a number of guarantees and protections that are part of the FHA insurance. The FHA insurance provides protection and peace of mind to the borrower and their children.
This link will take you to everything you need to know about Reverse Mortgages.