HECM Calculator and 12 Fast Facts

Here a few facts and a quick way to determine what a client may be eligible for in proceeds

 Reverse Mortgage Fast Facts

  1. Age 62 and Over Borrowers

  2. Principle Residences Only

  3. All Liens (Mortgages, Home Equity Loans etc) Must be Paid off From Reverse Proceeds First

  4. No Monthly Mortgage Payments Required

  5. No Minimum Credit Score Requirements

  6. No Standard Income Verification

  7. All Borrowers Remain on Title to Home

  8. Loan is Repaid when Last Surviving Borrowers Leaves the Home

  9. 100% of All Remaining Equity Passes on to Heirs or Estate

  10. The Line of Credit has a Build in Growth Factor
    (The Unused Portion Grows)

  11. A Reverse Mortgage Can be Used to Purchase a New Principal Residence

  12. Around 50% of Home Value is Usually Accessible from the Reverse Mortgage (This is a Ballpark figure) See Calculator below for greater accuracy



Don Graves, RICP®, CLTC®, Certified Senior Advisor, CSA®
Don Graves, RICP® is a Retirement Income Certified Professional and one of the Nation’s Leading Educators on the Emerging Role of Reverse Mortgages in Retirement Income Planning. He is president and founder of the HECM Institute for Housing Wealth Studies and an adjunct professor of Retirement Income at The American College of Financial Services. He has helped tens of thousands of Advisors as well as more than 3,000 personal clients since the year 2000
Don Graves, RICP®, CLTC®, Certified Senior Advisor, CSA®
Don Graves, RICP®, CLTC®, Certified Senior Advisor, CSA®

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