Home Equity Conversion Mortgage Specialists
Responding to
Senior Homeowners who want to remain living
in their homes and are concerned about their future.
Our mission is to educate those senior homeowners who have available home equity that may be available to convert some of that equity into cash money they don't know they may have available.
by using
MONEY IN THEIR WALLSTM
to help them create a Piggy Bank for meeting many current and future financial needs and desires,
while continuing to live in their home
with a more secure future and
more comfortably than they thought possible.
Welcome...
Thank you for your interest in learning about converting your Home Equity MONEY IN YOUR WALLS to accessible cash, referred to as a Home Equity Conversion Mortgage, also known as a HECM and a Reverse Mortgage.
We are not only specialists in Home Equity Conversions, but we are also customers and users of this life-changing option for senior homeowners.
As your Home Equity Conversion (HECM) specialists, we will personally walk you through the process, make sure you are fully informed, follow up after the fact and even go a step further to recommend trusted suppliers if you should have a need.
Allan Berger
Company Founder
HECM Loan Specialist
Don't think of this website as
about a Reverse Mortgage.
It's about building a financial way, using
Home Equity Conversion Financial Plan (identified in the Financial world as a Reverse Mortgage), for senior homeowners to consider when wanting to, or having to, continue living in their home that they may not be fully aware of.
What Is A Home Equity Conversion And Is It Right Fit For You...
A Home Equity Conversion Mortgage (HECM) converts a portion of your home equity into easily accessible tax-free cash for meeting your needs and dreams. For many, it is their Emergency Fund Life Line, their "just in case", their Piggy Bank...
An option specifically for homeowners who are age 62
and older with home equity that may help you reframe and strengthen your overall long-term financial planning.
It can be used to meet your planned future and/or unexpected financial needs by becoming a supplement to your social security, retirement, and any other monthly benefits. It also can delay, minimize or eliminate early accessing of your savings, investments, and other assets that are part of your retirement savings funds.
You Own Your Home...
You continue to own your home as long as you live in it!
The accrued loan balance becomes due if you pass away; sell your house; no longer live there as your primary residence, or fail to meet your responsibilities to maintain the property, purchase homeowners insurance, and pay your property taxes. Whereas it was an advanced loan from the equity in your home, the good news is that it does not have to be repaid until being deducted from the selling price of your home at the time your home is sold.
No Monthly Mortgage Payments and a Growing Money Tree...
That's right, no more monthly mortgage payments!
Unlike a traditional mortgage or typical bank home equity loan, when converting home equity MONEY IN YOUR WALLS to easily accessible cash with a Home Equity Conversion Mortgage, there are no required payments while you live in your home. Any interest and fees applicable to equity funds used are added to the equity loan balance so that the loan balance increases over time. However, the available unused equity funds grow monthly throughout the time you live in your home.
At your option, at any time and without a penalty, the borrowed loan equity funds plus interest and fees can be repaid. Whatever is repaid is added to the existing unused equity funds, all of which grow throughout the time you live in your home.
Homeowner "Piggy Bank" Equity Dollars
are a Growing Money Tree with a
Home Equity Conversion Mortgage...
Home Equity Conversion Comparative Examples...
What does your available cash with a HOME EQUITY CONVERSION MORTGAGE (HECM) look like at closing? Below examples compare the same home first with a mortgage required to be paid off from the available equity, if enough equity is available, and when the home does not have a mortgage needing to be paid off.
The above example balances are the piggy bank’s initial funding. This funding did not require personal deposits from the homeowner’s available cash. The homeowner already had this Money in the Walls, available home equity just sitting there, not growing.
Without a HECM, the homeowner won’t have access to this money until the house is sold. With a HECM, the piggy bank money begins growing at closing, currently at 6.70% annually, and doubles in approximately 10 years.
