Reverse Mortgages (HECM)

A reverse mortgage lets homeowners age 62 and older convert part of their home equity into cash or a line of credit without a required monthly mortgage payment.

Borrowers must keep paying property taxes, insurance and home maintenance, and the loan is repaid when the home is sold or the last borrower leaves.

Rick Carrier, NMLS #268110, The Carrier Mortgage Team, Innovative Mortgage Services, Inc. (Company NMLS #250769). Call (281) 767-6700.