HECM Payments

HECM Reverse Mortgage Payments

If you choose a HECM Reverse Mortgage, you will have a variety of payment options available. Choosing your HECM payment plan: Depending on the specific reverse program you choose, you can select one of four options for receiving your reverse mortgage funds:

HECM Term Payments

This option provides fixed advance of funds for a predetermined time period.

HECM Tenure Payments

This HECM payment option provides fixed advance of funds for as long as you occupy the property as your primary residence.

HECM Line of Credit Payments

This option establishes a credit line that you can draw upon as you wish.

HECM Combination Payments

This HECM payment option allows you to combine any of the other three payment options in a way that fits your needs.

For more information on HECM Reverse Mortgages, or on HECM payments specifically, please feel free to Contact Us, or request your Free Quote today.