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Enjoy your retirement
with a Reverse Mortgage

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What is a reverse mortgage?

If you are a senior looking for ways to access the equity in your home, you may qualify for one of several Reverse Mortgage loan programs currently available. These Reverse Mortgage programs allow you to tap into the equity you currently have in your home, without having to sell your property or apply for a home equity line of credit. Most importantly, you always own your home and instead of making monthly mortgage payments, your home can now pay you.

What does a reverse mortgage look like?


Stay in your Home

Stay in your Home

With a Reverse Mortgage you can stay in your home for as long as you wish.*

Eliminate your Mortgage Payments

Eliminate your Mortgage Payments

Once you close on your Reverse Mortgage, you never have to make another mortgage payment for as long as you live in the home.*

Enjoy your Retirement

Enjoy your Retirement

Once you’re free from the burden of making monthly payments, you can relax and enjoy your retirement.*

Frequently Asked Questions

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Am I qualified for a HECM if I currently have an existing loan on my home?

Yes, but the existing loan must be paid off prior to or at the time of settlement of the HECM. Quite often the HECM is used to refinance an existing loan.

My property is held in a Living Trust. Do I qualify?

Yes, as long as you are the primary trustee and are qualified by age.

Does the IRS consider the monthly advances from the HECM as income?

No. The cash advances are actually loan distributions and are not considered income. The cash advances are tax-free.

To avoid probate, my children and I own the property in joint tenancy. Do we qualify?

Yes, if the children are age 62 and older and live in the property. Otherwise they would need to be taken off title prior to settlement.

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How HWEQ is Different

At Home Wealth Equity Advisors, we understand that making decisions about home financing can be complicated and confusing. That’s why we’re committed to explaining any and all options available to you. At the end of the day, we want to help you chose a program that’s right for you, and give you all the information and tools you need to make an informed decision about your retirement.

Learn More

Find out if you qualify and receive your Free Guide now

Just answer a few quick questions about you and your home, and you can find out if you qualify for a Reverse Mortgage. You will also receive our Free Guide, with valuable information about the Reverse Mortgage program, as well as answers to many questions our clients frequently ask.

FIND OUT NOW
We're HWEQ

Based in San Diego California, Loan Monkey, Inc. is committed to providing a simple and transparent loan process to each and every one of our clients. We believe in putting our clients first, so pick up the phone and call us today!

* Reverse mortgage clients must maintain the property in good standing and continue to pay property taxes and insurance.
© Loan Monkey, Inc. - dba Home Wealth Equity Advisors - All rights reserved - NMLS #1817479 - DRE #02078071 | 1450 Frazee Road Ste 602, San Diego, California 92108 - Not available in all states

None of the materials included on this website or any marketing were provided or approved by the Department of Housing and Urban Development (HUD) or the Federal Housing Administration (FHA)