reverse Mortgage
Need more cash per month? If you are 62 years of age or older a reverse mortgage may be just the solution for you.
REVERSE MORTGAGE
Need more cash per month? If you are 62 years of age or older a reverse mortgage may be just the solution for you.
HECM – Fixed
There are two types of Home Equity Conversion Mortgage (HECM) loans. With the HECM fixed loan you maintain the same interest rate over the life of the loan. You can make payments anytime and in any frequency to reduce your HECM loan balance.
HECM – Adjustable
With the HECM adjustable rate loan, the rate is adjusted monthly or annually over the life of the loan. The HECM is a non-resource loan. This means that no assets other than the home may be used to repay the debt.
HECM – For Purchase
The HECM for Purchase can help homeowners buy their next home without monthly mortgage payments. This loan enables borrowers to use the equity from the sale of a previous residence to buy their next primary home in one transaction with one initial investment.
Key Points About Reverse Mortgages
A Home Equity Conversion Mortgage (HECM), also known as a reverse mortgage, is a Federal Housing Administration (FHA) insured loan that enables you to access a portion of your home’s equity without having to make monthly mortgage payments. If you are 62 years of age or older and have sufficient home equity, you may be able to get the cash you need from a reverse mortgage to:
CONNECT WITH A LOCAL REVERSE MORTGAGE SPECIALIST
Capitol Direct has a strong team of mortgage loan professionals that are waiting to connect with you in person, virtually, or over the phone to discuss your needs. Give us a call at (916) 624-0767 or click below to schedule an appointment.

CONNECT WITH A LOCAL REVERSE MORTGAGE SPECIALIST
Capitol Direct has a strong team of mortgage loan professionals that are waiting to connect with you in person, virtually, or over the phone to discuss your needs. Give us a call at (916) 624-0767 or click below to schedule an appointment.
