Are you a senior aged 62 or older and ready to enjoy the investment of your home’s value? It may be time for one of our reverse mortgage options below.
A Home Equity Conversion Mortgage (HECM) from Movement Mortgage allows qualified borrowers to tap into their home’s value and become more financially secure to maintain quality of life through retirement. When a homeowner has built up considerable equity in their home, there’s an opportunity to turn that equity into cash to meet needs.
A HECM for Purchase loan is a variation that helps homeowners turn equity in their existing home into tax-free* funding for a new home purchase. This option is ideal for those looking to downsize, to be closer to family 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 more accessible, a reverse mortgage from Movement could get you there.
*consult a tax professional.
For more information about this loan program, please contact your local Loan Officer. Eligibility, programs, rates, terms and conditions are subject to change without notice. Credit and collateral are subject to approval.