HECM Loans, Also Known as Reverse Mortgages, Can Ensure Peace of Mind for Senior Homeowners

Posted on

Sep 16, 2020

As our country continues to be challenged by the impact of COVID 19, it is apparent that the senior population has more at risk than their health. Many senior homeowners have suffered financial losses and now have real concerns about their ability remain in their homes. Seniors in search of stability and security can count on Independent Financial for assistance.
The HECM loan is a Government guaranteed program that offers many remedies to seniors for the preservation, use and growth of the equity they have built up over the years. When a Reverse Mortgage is put in place, the senior has multiple options to utilize their available equity. In many instances, it could even involve using a HECM to purchase a home which better fits their needs.
Seniors seeking peace of mind during these challenging times are encouraged to reach out to a trusted Reverse Mortgage specialist, and see if an FHA insured HECM offers a better quality of life. The same asset that keeps us safe and secure, holds locked-up equity that can provide peace of mind for a lifetime.
Editors Note: This article was submitted by Peggy Sage, HECM Specialist, NMLS #322344. Peggy isaSenior Loan Originator with Independent Financial and may be reached at970-691-4648 or by email at psage@ibtx.com

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