THANKS TO ANYONE explaining the HECM loan accurately to those interested in using some of their home equity without repayment in their lifetime. We love it when a great plan comes together.
More than a million Americans have gone before you.
Because of a mistake in the launch of this great program many years ago now in which the Reverse Mortgage agreement included the name of the lender in the title of the home, a lot of misgivings came about. And, even now, people don’t always realize that lenders do not have the right to place their name on the title of your home — that has been true for many years now on all home mortgages.
Falsehoods are often more difficult to explain than truths. If you are one of those who believe this, consider . . .
https://gofinancial.net/2017/07/hecmhistory/ on this website.
We love the truth that lenders do not own your home or have the right to take it away as long as you pay your taxes, keep the homeowners insurance, remain there as your primary residence and clean out the gutters in an agreement to maintain the home.
Just to submit support to the Yuma Sun for printing the information on Tuesday explaining the HECM loan for those interested in using some of their home equity without repayment in their lifetime. The article is accurate and can be used to inform seniors about this great program. No lender will claim title to your home in the Reverse Mortgage process.
I serve Arizona from Yuma for those interested in more information and to start them on the road to liquidity after they reach their 62nd birthday.
Call Warren Strycker for more information: 928 345-1200. I am a veteran loan officer with fifteen years serving Yuma County and now throughout the state of Arizona. I can be trusted to tell you the whole truth about HECM Reverse Mortgages. You’ll like what you hear.
You will love to imagine what you can do with a HECM — see 25 ways below — and then add your own to the list.