There is a lot of buzz around the country about HECM Reverse Mortgages lately. Southern Utah is among the hot spots where this product is beginning to take off. Cities like St George, Cedar City, Washington, Ivins, Santa Clara, and Hurricane are seeing more and more people who are discovering the freedom and flexibility that only a HECM Reverse Mortgage can provide in retirement. In my experience these are the top 3 reasons you SHOULD consider a HECM Reverse Mortgage to make your life better.

1.       NO PAYMENTS FOR LIFE! — Imagine that, you buy the home of your dreams or refinance your current home and for the rest of your life you’re never required to make another mortgage payment. What would you do with that kind of freedom? See the world, visit your family, master pickleball or maybe just kick back by the pool?

 2.     Cash Lump Sum — For those who are refinancing an existing mortgage, in instances where there is sufficient equity in the home, the homeowner has the option of pulling out a lump sum of cash at closing that can be used on anything they want. This could go a long way to help alleviate debt or just give some piece of mind in having a nest egg to sit on.

 3.       Line of Credit — Another fantastic option for remaining equity in the home is a line of credit. Much like a credit card this line operates off of the equity in your home and can be charged up and paid off as you need it. Another incredible benefit to this type of Reverse Mortgage is that any unused portion of the line appreciates at an adjustable rate that is currently around 5.6%, what that means is that if you have $200,000 of unused credit at the end of next year the line will jump to $211,200, year two will jump to roughly $223,500 and so on until you actually access that money.

 A HECM/Reverse Mortgage may not be the best option for everyone which is why you should do your research and make sure you’re working with a true Reverse Mortgage Specialist. I’ve found that when we’ve paired the right clients with a Reverse Mortgage it absolutely changes their lives and gives them incredible freedom and peace of mind.

 Call me today, let’s talk about whether a HECM Reverse Mortgage is the right option for you or someone you care about.

Trevor Carlson

President – Reverse Mortgage Specialist

Heritage Reverse Mortgage


Heritage NMLS #1497455 Trevor’s NMLS #: 267962