A Home Equity Conversion Mortgage (HECM) Loan vs. a Cash-Out Refinance: What Are the Advantages?

reverse mortgage vs refinance

Two common home refinance options that double as home-equity-release loans are a traditional cash-out refinance and a HECM. Here's what you need to know about both.

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The Benefits of Home Equity Conversion Mortgage (HECM) Loans for Home Improvement

If you’re a homeowner 62 or older, you might be sitting on a significant amount of untapped home equity you can use to finance essential home updates, repairs or even major renovations.

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Customer Testimonial: Homeowners Find More Fun, Freedom and Family Time With a Reverse Mortgage Loan

Susan and Jim Arnold are a retired couple living in Morro Bay, California. They took out a reverse mortgage loan to have more financial freedom and fun in retirement.

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Aging at Home Vs. Other Living Options

Where you live in retirement influences so many aspects of your life, and there is a wide spectrum of potential living options to consider. Read on for insights on what could work best for you in this phase of your life.

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QUIZ: Is a Reverse Mortgage Loan Right for You?

Today’s reverse mortgage loans are an excellent solution for many seniors. Take this quiz to find out if one could be right for you!

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Customer Testimonial: Homeowner’s Reverse Mortgage Loan Provides Financial Security for Medical Expenses and Funds for Home Improvements

Rebecca's reverse mortgage loan provided much more than financial freedom, it covered unexpected medical expenses and provided funds for a variety of projects.

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Customer Testimonial: Homeowner’s Reverse Mortgage Loan Gives Peace of Mind and a New Level of Control Over Personal Finances

Claudette sees the Home Equity Conversion Mortgage (HECM) loan as a significant bonus for retirees and greatly appreciates the peace of mind and financial control it provides.

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Why Today’s Interest Rates Shouldn’t Stop You From Improving Your Future

Although today’s mortgage interest rates are high, average home values are a silver lining for reverse mortgage loan borrowers. Here's why.

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Customer Testimonial: Retiree Uses a Reverse Mortgage Loan to Buy Her Dream Home and Establish a Line of Credit for Home Improvements

After Cathy’s husband passed away, she felt she owed it to herself to pursue her life goal of living by the ocean. She used a reverse mortgage loan to not only purchase her dream ocean-front home, but also establish a line of credit for future expenses.

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Customer Testimonial: Retired Homeowner Uses His Reverse Mortgage to Combat Inflation, Pay His Bills and Enhance His Lifestyle

When inflation outpaced Jeff's social security and pension, he used a reverse mortgage loan to free up cash, pay off debt and treat himself.

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