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Introducing HECM Advantage™--
The new
reverse mortgage from Financial Freedom that makes it possible to enjoy:
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More net
available cash
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Enhanced
Value
Essentially,
HECM Advantage means more money for you. It's that simple. As you may
know, HECM stands for Home Equity Conversion Mortgage, which is a
federally insured reverse mortgage. Over 90% of all reverse mortgages are
HECMs. But until recently, only one type of HECM has been offered.
Extra Cash
Now HECM Advantage makes is possible to get more net available tax-free*
money for your loan than with traditional HECM loans. That means more
money to do things you want to do, or to enjoy more financial security.
Extra Value
By re-examining its cost structure, Financial Freedom has enhanced
benefits and reduced costs. The result is HECM Advantage, which in most
cases gives seniors unsurpassed value compared to other current HECM
products. With its competitive interest rate, HECM Advantage is designed
to give you more monthly income than the traditional 1% margin reverse
mortgages on the market today.
The
best things have stayed the same.
-
Like a
regular HECM, you can take the cash all at once, as a regular monthly
advance, as a line of credit, or as a combination of those options.
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HECM
Advantage also retains all the safeguards and features that have helped
make the HECM the most popular reverse mortgage product.
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It's still
government-insured, and you keep ownership of your home. So, it's
completely safe.
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