A reverse mortgage from First Senior Equity can help you live a more comfortable lifestyle. At First Senior Equity, we’re dedicated to helping our customers maintain their financial independence, so they can focus on what’s most important in their lives. That’s why we offer the following products.

The decision of which product is right for you will depend on factors such as your age, current interest rate, home location, appraised value of the home and the amount of equity in the home. Your First Senior Equity reverse mortgage consultant can help you understand the options and what value they can bring to your particular situation.



Fixed Rate Home Equity Conversion Mortgage
A fixed rate Home Equity Conversion Mortgage (HECM) provides you with comfort and security because it allows you to lock in an interest rate for the entire life of the loan. With this government insured HECM, you will always know your reverse mortgage’s interest rate accrual.

Adjustable Home Equity Conversion Mortgage
The adjustable rate HECM provides you with greater flexibility because it generally provides more options for receipt of the reverse mortgage proceeds (i.e. line of credit, monthly payments, lump sum, or a combination of monthly payments and a line of credit). The adjustable rate HECM is also government insured and can be offered at lower interest rates. Since no payment is required on your reverse mortgage until the last borrower permanently leaves or sells the home, changes in your interest rate do not affect your monthly living.

Whatever product you select, a HECM loan can help meet your needs and give you the opportunity to live better today and be more prepared for the future.