How Do HECM's Work?
With a HECM, a portion of your home’s equity is converted into cash while you continue to live in your residence. The process is clear and straightforward, with our dedicated team guiding you through every step to ensure complete understanding and comfort.
HECM's vs Reverse Mortgages
The term “reverse mortgage” is a broad label for any loan product that lets seniors convert their home equity into cash without monthly payments. In contrast, a Home Equity Conversion Mortgage (HECM) is a specific type of reverse mortgage that is federally insured by the Federal Housing Administration (FHA) and adheres to strict guidelines and protections.
HECMs are available exclusively to homeowners aged 62 and older and include requirements such as mandatory counseling, standardized interest rates, and defined lending limits to ensure consumer protection. Other reverse mortgage products may offer similar benefits but can differ in terms of fees, eligibility criteria, and regulatory oversight. Our experts are here to help you navigate these nuances and select the option that best meets your retirement goals.
For seniors in Colorado and Florida, we combine local expertise with innovative financing options. Whether you’re comparing a traditional home equity loan in Denver or leaning toward a HECM reverse mortgage in Fort Lauderdale, our services are designed to suit your unique financial situation.
Our dedicated team is committed to guiding you through the entire process of your home equity conversion mortgage. We provide clear, compassionate support to help you understand every step—from initial consultation to securing the funds you need for a secure future.
Tailored Financial Solutions for Local Needs
Start Your Journey to Financial Freedom Today
Take control of your financial future today. Whether you're looking to access your home equity, establish a line of credit, or purchase a new home, Mad River Mortgage is here to guide you every step of the way.
303-396-2804
Colorado and Florida, USA