Reverse Mortgages

At AMS and ARS we can explain how a reverse mortgage can be an advantage if you are at least 62 years old, some of the benefits are:

1. A home equity conversion mortgage (HECM), is a loan that enables homeowners convert some of their home equity into cash.
2. Cash that can be used for any purpose
3. Reverse because instead of making monthly payments to a lender, the lender makes payments to the borrower
4. The loan is due when the home is sold or otherwise vacated