Mature Resources - Senior Housing

The Home Equity Conversion Mortgage (HECM) is FHA's reverse mortgage program which enables you to withdraw some of the equity in your home. You choose how you want to withdraw your funds, whether in a fixed monthly amount or a line of credit or a combination of both.

You can also use a HECM to purchase a primary residence if you are able to use cash on hand to pay the difference between the HECM proceeds and the sales price plus closing costs for the property you are purchasing.

Read more: FHA Reverse Mortgages (HECMs) for Consumers

By Jane Carroo www.cluttercoach.com

I have the opportunity to meet and assist people during many transitions. One of the most interesting groups are seniors. They usually are somewhat concerned about going through all the changes that are happening either by choice or circumstances. Once they know you have their best interests at heart, they open up and share their stories and many times photos, too. What is special about these people is that they have accumulated a lifetime of experience, wisdom and possessions. Also, they love to share their knowledge.

Read more: Seniors are Special!