From Loss to Legacy: Using HECM’s to recover after the death of a Spouse.

Life can be filled with tragedies and hardships. Such as losing a job, major health issues and especially the death of a spouse. Recovering after the death of a spouse can be overwhelming, especially for retirees. 

Reverse Mortgages also known as Home Equity Conversion Mortgages (HECMs) offer relief in the wake of the loss of a loved one. When a spouse passes away not only does someone lose the most important person in their life they also usually lose a substantial part of their income.  Reverse Mortgages can help offset and even replace that income.

Benefits of HECM’s After the Death of a Spouse:

  1. Financial Support: HECMs offer access to home equity that can be drawn in the form of a monthly payment or a flexible line of credit.
  2. Reduction of Expenses: Using a HECM can pay off an existing mortgage and consolidate other debts to reduce monthly expenses.
  3. Building a Lasting Legacy: Utilizing home equity can allow a home owner to continue to live life. They can travel, stay healthy and most importantly afford to spend time with family.

In the wake of a spousal loss, HECMs offer a pathway to financial recovery and a renewed sense of purpose and freedom.

Crafting Resilience and Legacy After Loss:

  • Strategic Financial Planning: Many people wait until after the death of a spouse to establish a HECM but for most it makes more sense to establish the New Mortgage before the loss. Preemptive planning can help surviving spouses cope much more effectively with loss without having to scramble for financial solutions.
  • Funeral Expenses: Costs for a Funeral hare extremely high and can wipe out a survivor’s savings. Having a HECM in place could provide the funds needed to lay a loved one to rest properly.
  • Addressing loneliness: After losing a lifelong partner loneliness can be debilitating. Having funds in place with a HECM can help the surviving spouse to stay active and visit other surviving loved ones.


HECMs provide retirees a way to navigate the challenges of life after the death of a spouse. By Leveraging home equity, individuals can regain financial stability, find healing amidst loss, and leave a meaningful legacy.

Trevor Carlson

President – Equity Conversion Specialist

Heritage Reverse Mortgage


Heritage NMLS #1497455 Trevor’s NMLS #: 267962

1060 South Main Street Bldg. A Suite 101B

St George Utah 84770