Everything you need to know about the FHA Insured HECM Program and how
homeowners use it to Stay In Their Home
You will find all the information that you’ll need to make an educated decision
about what HECM is right for you. You will learn what a Reverse Mortgage is, understand how it works, and see how this FHA HECM Program
can best suit your needs.
Stay In Home is the largest reverse mortgage originator in the Northwest.
We attribute this success to our Senior Home Advisors who first help by
educating you, the homeowner, on the value of a FHA Insured HECM Mortgage
to Stay In Your Home as long as you desire without having to make monthly payments.
*The Home Equity Conversion Mortgage (HECM) is the Government’s version of the reverse
mortgage and 100% FHA Insured.
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THE NEW FHA INSURED HECM SAVER PROGRAM
The New FHA Insured HECM Saver program is ready to fill a void,
namely the group of seniors who have seen cost as a hurdle. This is the next step in the
government’s version of the reverse mortgage program HECM or “Home equity conversion mortgage”.
The main opportunity is for seniors who have turned to a HELOC in order to meet their cash needs. There are more than 1.5 million seniors who have a HELOC with an average loan amount of
$50,000. There are at least 6 times as many seniors using HELOC’s as there are seniors with
reverse mortgages and they are using it for purposes other than paying off their mortgages.
After the collapse in the real estate market, the availability of HELOCs from banks have been
dramatically reduced making the HECM Saver an attractive option. Consider also that banks can
call due a HELOC at anytime or restrict the available funds at their discretion and you still
have a monthly payment…none of which are required under a HECM Saver.
If you would like to hear more about the HECM Saver program please call us at 1-800-963-8011
and mention promo code SAVER01.
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