Maximize Your Golden Years
Discover HECM Reverse Mortgages Today!
Some of the features of a HECM Reverse Mortgage Ascent Lending
Tax-Free Funds: Enjoy tax-free funds that can enhance your retirement lifestyle. With a reverse mortgage, you can access your home equity without worrying about tax implications.
Stay in Your Home: Keep the comfort and familiarity of your own home. You can continue living in your house while accessing its equity to improve your quality of life.
Flexible Payment Options: Benefit from flexible payment options that cater to your needs. Choose from various payout methods, including lump sums, monthly payments, or a line of credit.
No Monthly Mortgage Payments: Eliminate the stress of monthly mortgage payments. With a reverse mortgage, you won’t need to make regular mortgage payments as long as you live in your home.
Financial Security: Gain peace of mind and financial security. A reverse mortgage can provide a safety net for unexpected expenses, medical bills, or other financial challenges.
No Repayment Until You Move: Repayment only becomes necessary when you no longer reside in your home. You can live comfortably without worrying about immediate repayment.
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About Us
At TrueHECM, we are dedicated to helping you unlock the full potential of your retirement years. Our mission is to provide you with the financial security and peace of mind you deserve through the power of reverse mortgages.
TrueHECM to Ascent Lending
TrueHECM is a trusted name in the world of reverse mortgages. With years of experience and a team of seasoned experts, we have helped countless seniors and retirees achieve their financial goals. Our commitment to excellence, transparency, and personalized service sets us apart in the industry.
What We Believe
At TrueHECM, we believe in empowering our clients to make informed financial decisions. We understand that every individual’s situation is unique, and we take the time to listen and tailor our services to your specific needs. Your financial future is our top priority.
Why Choose TrueHECM
Expertise
Our team of certified professionals has an in-depth understanding of reverse mortgages and the financial needs of seniors.
Personalized Guidance
We provide one-on-one consultations to ensure you receive the guidance and support you need.
Transparency
We believe in clear, honest communication. You can trust us to explain every step of the process.
Client-Centric Approach
Your satisfaction and well-being are at the heart of everything we do.
Join Us on the Path to Financial Security
Unlock the comfort and security of your golden years with TrueHECM by your side. Whether you’re looking to supplement your retirement income, eliminate mortgage payments, or finance home improvements, we have the expertise to guide you through the process.
Testimonials
Frequently Asked Questions
What is a reverse mortgage ?
A HECM reverse mortgage is an FHA-insured home mortgage that allows you to access the equity in your home without the obligation of making monthly out-of-pocket mortgage payments
How Does a reverse mortgage work?
A reverse mortgage enables senior homeowners to turn a portion of their home equity into cash, a line of credit, monthly payments, or a mix of these. Instead of paying the lender, the homeowner receives funds, and the loan balance grows over time.
Will I still own my home with a reverse mortgage?
Yes! A reverse mortgage is like any other mortgage. The lender can’t take ownership of your home unless you default on the loan, resulting in foreclosure, just like with other mortgages.
What are my obligations as a borrower?
During your loan period, your obligations are to continue to pay for:
- Your homeowners insurance.
- Your property taxes.
- Your basic home maintenance.
What are the qualifications for a reverse mortgage?
- Age requirement: Typically, the youngest borrower must be at least 62 years old.
- Primary residence: The home must be the borrower’s primary residence.
- Home equity: Significant equity in the home, often at least 50%.
- Financial assessment: Demonstrated ability to cover property taxes, homeowner’s insurance, and maintenance costs.
- Other qualifications apply. Please contact us for details
What are the benefits of a reverse mortgage?
- Financial Flexibility: Converts home equity into accessible cash, a line of credit, or monthly payments without selling the home.
- No Monthly Mortgage Payments: Homeowners receive funds without the obligation of monthly mortgage repayments (though they must continue to pay property taxes, insurance, and maintenance costs).
- Aging in Place: Enables seniors to remain in their homes and maintain or improve their standard of living during retirement.
Contact Us
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Address
30700 Russel Ranch Road, Westlake Village, CA 91362
Business Hours
M- F 9AM to 5PM
And Saturday by appointment