Healthcare Professionals

A Solution to the Senior Care Challenge

A Home Equity Conversion Mortgage (HECM) commonly referred to as reverse mortgage is a way for borrowers age 62 or older to unlock the equity in their home by turning it into tax-free cash* without having to make any monthly mortgage payments**.

When designed through the reverse mortgage line of credit, there are significant advantages to helping clients pay for medical expenses like medical co-pays, home modifications and also to receive the care they need, while they continue to live in their own home:

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Advantages of the HECM Line of Credit

Unlike a traditional home equity line of credit (HELOC), the unused portion of the reverse mortgage line of credit grows over time, allowing access to more funds as the borrower ages. And the line cannot be reduced or revoked by the lender, as long as the terms of the loan are met—ensuring the funds will be there when needed.

In-home care services can reduce the need for expensive nursing homes, and improve quality of care

A Reverse Mortgage Line of Credit can be set up in advance – before care is needed- so funds are immediately accessible when needed.

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