We are presenting: “Reverse Mortgage Basics” providing an overview of the Home Equity Conversion Mortgage (HECM), commonly known as a Reverse Mortgage.

The presentation will touch on the following:

(1) How the HECM allows homeowners aged 62 and older to convert a portion of their home equity into cash, without needing to make principal and interest payments.

(2) Outline the loan’s requirements, including the need to maintain property charges and taxes.

(3) Highlight the benefits of a reverse mortgage, such as no minimum credit score and tax-free cash, and emphasizes how it can help retirees improve cash flow, preserve assets, and manage long-term financial risks.

(4) Discuss using HECM for purchasing new homes and touches on the broader financial challenges retirees face today.