Reverse Mortgage (HECM)
Let your home help fund your retirement.
A Home Equity Conversion Mortgage lets homeowners 62 and older turn home equity into cash, with no required monthly mortgage payments* while you live in the home.
Empowered by NEXA Mortgage
Ways a reverse mortgage can help.
Replace Your Mortgage Payment
Pay off your existing mortgage with the reverse mortgage, and you no longer have a required monthly mortgage payment.* More of your income stays in your pocket.
Retirement Income from Your Equity
Take monthly payments, a line of credit, a lump sum, or a mix. Proceeds are generally not considered taxable income.*
A Growing Line of Credit
An unused reverse mortgage line of credit can grow over time, giving you a cushion for health care, home repairs, or the unexpected.
Buy Your Next Home
A reverse mortgage for purchase can help you right-size into a home that fits retirement, without adding a monthly mortgage payment.*
What to know
Built-in protections for you and your family.
You keep the title. Your home stays yours. The loan becomes due when the last borrower sells, moves out permanently, or passes away.
Your heirs are protected. Because the loan is federally insured, you and your heirs will generally never owe more than the home is worth when it's sold. Heirs can keep the home by paying off the loan or sell it and keep any remaining equity.
You stay responsible for the home. You'll continue to pay property taxes, homeowners insurance, and any HOA dues, and keep the home in good repair.
It fits into the bigger picture. We coordinate your reverse mortgage with your insurance and estate plan, so your equity works for you and the people you love.
*Borrower must be 62 or older, live in the home as a primary residence, and continue to pay property taxes, homeowners insurance, and any HOA dues, and maintain the home. The loan balance grows over time and becomes due when the last borrower leaves the home. Proceeds are generally not considered taxable income; consult a tax advisor. These materials are not from HUD or FHA and were not approved by HUD or a government agency.
How it works
- A no-pressure conversation. We look at your goals, your home, and whether a reverse mortgage fits.
- Independent counseling. Federal rules require a session with a HUD-approved counselor, so you can decide with confidence.
- Choose how you receive funds. Monthly payments, a line of credit, a lump sum, or a combination.
See what your equity can do for your retirement.
Michael Holmstadt, Mortgage Loan Officer | NMLS #2283000
NEXA Mortgage, LLC | NMLS #1660690 | 5559 S Sossaman Rd, Bldg 1, Ste 101, Mesa, AZ 85212 | www.nexalending.com
Think Revenue Strategies LLC is not a licensed mortgage lender. Mortgage loan origination services are provided exclusively through NEXA Mortgage, LLC. Insurance products and other services are offered separately by Think Revenue Strategies and are not offered by or affiliated with NEXA Mortgage. The content on this website is for informational purposes only and is not a loan application or commitment to lend. All loans are subject to credit approval, underwriting, and program guidelines.
