Home Equity Recovery Plans
Financial liquidity for senior home-owners through the FHA-HUD Home Equity Conversion Mortgage (HECM) and other federally-overseen programs, including Fannie Mae's HomeKeeper plan.
These methods of converting the equity in one's home into available funds are available to homeowners over 62 years old and are monitored by governmental agencies for the protection of senior homeowners. No re-payments are required as long as your home is your primary residence. No change in ownership of real-estate, which is passed to heirs by will or trust, as usual.
There exists a tremendous amount of misinformation and bad advice about this safe and valuable resource. These amazingly under-used financial tools can substantially enhance personal finances and dramatically change the financial situations of retired homeowners.
Both credit background and income level are, in general, irrelevant. Cash, a line of credit, or additional monthly lifetime income is made available to senior homeowners who have equity in their homes regardless of their present financial position. This resource is not solely for the needy. Click here for details.
