Even if you’ve done a Reverse Mortgage you should be aware of the HECM to HECM refinance option. If you live in an area like Southern Utah where home values are climbing at 5-10% year after year a HECM to HECM Refinance could make your life even better by allowing you to reset your Reverse Mortgage.

By resetting your Reverse Mortgage you will continue to enjoy all of the same benefits of your current reverse mortgage such as:
  • No required mortgage payments for the remainder of your life
  • Open Growth Line of Credit
  • Supplemental income from the home’s equity

But, in addition to the benefits you already love about your Reverse, a HECM to HECM refinance lets you access the additional equity in your home that has resulted from the home appreciating in a strong real estate market.

Let me show you an example. This week we began a HECM to HECM refinance for a client that lives here in St George Utah. Our borrower did her first Reverse Mortgage in January of 2015. Over the past 28 months, her home’s value has grown by 22%. By doing a HECM to HECM refinance she can access an additional $25,000 of her home’s equity. Another major benefit for her is that because she actually doesn’t need this $25,000 now, she can leave it in her HECM line of credit and when she does actually need the money in eight years the value will have increased from $25,000 to $40,000.

By working with a true Reverse Mortgage Specialist who understands these opportunities you know you’re getting the most out of your home and your Reverse Mortgage.

If you or someone you love has any questions about a Reverse Mortgage call me today for a no-obligation consultation.

Trevor Carlson

President – Reverse Mortgage Specialist

Heritage Reverse Mortgage




Heritage NMLS #1497455 Trevor’s NMLS #: 267962