You found your dream home, settled in, and suddenly, 25 years (or more) have passed! Your life is dramatically different now, and you want a home that reflects it. As any veteran homeowner knows, there’s one major obstacle standing between you and your dream home: applying for the mortgage. Don’t worry, though! It’s just like riding a bike—and you don’t even need a helmet.
If you’re a senior looking to enjoy your next chapter, a Home Equity Conversion Loan (HECM) may be a great option to maintain your lifestyle and build the perfect home for your golden years! To help you understand whether the HECM option is right for you, we’ve compiled a brief summary of what you need to know.
Topics: HECM Loan