Are you a senior aged 62 or older and ready to redeem the investment of your home’s value? It may be time for a reverse mortgage.
A Home Equity Conversion Mortgage (HECM) from Movement Mortgage allows borrowers to tap into their home’s value and possibly become more financially secure to maintain quality of life through retirement. When a homeowner has built up considerable equity in their home, it’s an opportunity to turn that equity into cash for meeting certain needs.
HECM For Purchase
A HECM for Purchase loan is a variation that can also help homeowners turn equity in their existing home into tax-free* funding for a new home purchase to be closer to family, live somewhere more appropriate for their needs or relocate to a new community.
Whether you need a little more cash flow in retirement, want to move closer to family or need to make your home accessible, a reverse mortgage from Movement could get you there.
*consult a tax professional