A Reverse Mortgage or Home Equity Conversion Mortgage (HECM) can alleviate many stresses that our seniors face today. A reverse mortgage might not be for everyone, but if it fits your financial circumstances, it may be what you’re looking for.
Get Cash from Your Home Equity – Being on a fixed income in a rising cost of living market can create tremendous stress. A HECM loan may be able to provide seniors an additional consistent flow of income from the mortgage.
Eliminate Your Monthly Mortgage Payment – Borrowers will not need to make monthly payments on a HECM loan. However, it is still a requirement to pay HOA Dues, Property Taxes and Insurances.
No Limitations and Restrictions – Borrower who cash out on their home with a HECM loan have no limitation or restriction on what they can spend their proceeds on. Either a home improvement or vacation around the world, a HECM loan may be able to meet your goals.
While our reverse mortgage program may not be for everyone, it can significantly help those who are in the financial situation to accommodate one. Let EnTrust Funding help you with all of your needs. We can answer any questions or concerns you may have about the program and how you can benefit from it.