When was the last time your mortgage company sent you a check?

Imagine if instead of making out that monthly mortgage check, your lender makes out a check to you.

Today’s seniors are living longer, healthier lives. With that comes the unexpected cost of living... longer.

With inflation and prices of everyday items soaring this could be the best time to consider a reverse mortgage loan. More accurately called a Home Equity Conversion Mortgage (HECM).

Your home may be the key to avoiding a shortfall. Senior homeowners in the US are now sitting on more than 11.8 trillion dollars of unused home equity.

In today’s housing market it is likely your home has appreciated in value. That additional equity is money you could use to cover everything from daily expenses, to home improvements and health services, or simply saving for a rainy day.

So all things considered, it’s not surprising that more than 1.32 million homeowners have already used a FHA-insured HECM loan to turn their home equity into extra cash for retirement.

How to take advantage of this untapped asset?

A HECM is an innovative financial tool that allows homeowners age 62 and older the option to receive a portion of their home’s equity while still living in the home, and with no month monthly mortgage payments required. The funds are income tax-free, and you retain ownership and title to your home as long as you: Live in the home as your primary residence, continue to pay property taxes and homeowners insurance and continue to keep up with home maintenance.

For all the advantages a HECM loan offers there are still many myths and misconceptions. For example many people believe the bank or lender takes ownership of your home. With a HECM loan, you continue to retain ownership and title of your home.

Another misconception is a HECM should be used as a last resort. A HECM is a powerful financial tool that can be an important part of your overall financial plan. From paying off an existing mortgage, to delaying social security, or even creating an emergency line of credit, it’s a flexible product designed to give you options.

If you are 62 or older and a homeowner, you owe it to yourself to learn more. A HECM is like no other loan because of the freedom and flexibility it affords. There is virtually no restrictions on how you can use the money. The key to a secure retirement might already be in your pocket.

Call toll free today at 800-937-2980 or visit www.mutualreverse.com