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Benjamin Pack

NMLS ID 632031

801-912-8484 bpack@boemortgage.com

Are HECM Mortgages Safe?

You’ve worked hard to pay the mortgage on your home. With a HECM mortgage you can receive the equity that you earned. A federally insured HECM mortgage program will help you unlock that equity by increasing your monthly income. Rest easy knowing you’re protected because with a HECM mortgage you can:

  • Access the equity in your home and stay in your home as long as you want. However, if you move, pass away or fail to pay property taxes or home owners insurance or otherwise fail to comply with the loan terms then you could be forced to sell your home or repay the loan.
  • Never owe more than your loan balance or the value of the property (whichever is lower).
  • Receive an annuity-like stream of income for as long as you, the borrower(s) remain in the home. Some borrowers elect to receive a lump-sum payment rather than the monthly payments.

Speak with one of our professionals today and learn how you can make the most of a HECM (Home Equity Conversion Mortgage).

If you're ready to get started on your HECM mortgage apply now.

These materials are not from HUD or FHA and were not approved by HUD or a government agency.