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Welcome to HecmSaver.comThink of the HECM Saver as a traditional home equity line one could expect to find at your local bank, but only better. The HECM Saver is a loan against your home that is both easy to qualify for and competitive in interest charges. Unlike a traditional HELOC (Home Equity Line of Credit) you can enjoy the freedom to make payments back on interest if and when you choose, or even decide to defer all the mortgage interest until your home is later sold or refinanced. Saver Highlights:
If you're looking for an easy way to borrow from your home to make improvements, consolidate debts or for any other reasons the HECM Saver may be a smarter choice and one that best fits your financial needs and lifestyle. Forget everything you've heard about reverse mortgages because the new Federally-Insured HECM Saver changes everything. Request our complimentary guide and analysis by completing our secure form to the right or call us Toll Free (888) 801-2762
*You must maintain property taxes, insurance and occupy home as your primary residence.
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No income or credit requirementsSaver Comparison to the HELOC (Traditional Home Equity Line of Credit)
The new HECM Saver Reverse Mortgage loan product is a low cost option established and insured by the FHA. The HECM Saver differs from other Reverse Mortgage loan products by lowering loan costs and providing an alternative to a HELOC (Home Equity Line of Credit)
| Features | Traditional HELOC | HECM SAVER |
Monthly Loan Payment |
Requires Monthly Payment |
No Monthly Payment Required |
| Requirements | Typically Requires Credit and Income Qualification |
No Credit and Generally No Income Requirements |
Up front Fees |
Traditionally Very Low Cost | LIBOR Option Provides Costs Competitive with HELOC | Access to Equity |
Credit Lines are Typically Static, Line Can Be Frozen | Credit Line Growth Feature, Can Never Be Frozen |