What is a Home Equity Conversion Mortgage (HECM)?
Why You Must Go For a Home Equity Conversion Mortgage (HECM)?
Backed by the FHA, you can now access your home's equity without having to pay a dollar towards your monthly payments. You get to keep your title, and there's NO minimum credit score required.
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Get to know the top lenders offering Home Equity Conversion Mortgages (HECM) in 2024, tailored to your unique needs. Find trusted partners to tap into the value of your home effortlessly.
Don't let loan decisions puzzle you! With KreditSanta, piece together your perfect solution using intuitive tools like calculators, expert insights, comparisons, and predictions, ensuring your home buying journey is smooth sailing.
Lock in Today's RatesA Home Equity Conversion Mortgage (HECM) is a type of reverse mortgage that allows homeowners aged 62 or older to convert their home equity into cash without selling their home. It provides financial flexibility for retirement expenses or other needs while allowing you to remain in your home. If you're exploring HECM options, KreditSanta offers a platform where you can compare lenders and find the best solution tailored to your situation.
Skip monthly mortgage payments to boost cash flow.
Paying monthly is your choice, just stay up-to-date on property taxes, insurance, and upkeep.
Get guidance from independent, HUD-approved counseling to grasp your choices.
Retain 100% ownership of your home.
Decide how you want your funds:
tax-free lump sum,
steady tax-free monthly payments,
a line of credit, or
combination of these.