A reverse mortgage can be a very powerful tool, however, it is not a decision to be taken lightly. It's important to work with an experienced originator who can help you assess your unique situation to determine if a reverse mortgage is right for you. Home Equity Conversion Mortgages A reverse mortgage can be an effective tool and provide seniors an additional option as part of an overall financial plan. (HECMs), also know as reverse mortgage loans, were created over 25 years ago to help Americans age 62 and older. A reverse mortgage loan allows you to turn some of the equity in your home into cash to improve your lifestyle without taking on a new monthly payment.
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