Reverse equity products
HECM Reverse Equity
A Home Equity Conversion Mortgage, often called a HECM, is a federally insured reverse mortgage option for eligible homeowners who want to access a portion of their home equity while continuing to live in the home.
Mortgage Capital Services can help you compare HECM reverse equity with other options and understand the responsibilities that continue after closing.
Common reasons homeowners ask about HECM
- Reducing required monthly principal and interest mortgage payments.
- Creating a line of credit or other available proceeds structure, depending on program rules.
- Supporting retirement cash-flow planning while remaining in the home.
- Comparing reverse equity with selling, refinancing, or using another home equity product.
Responsibilities continue
Borrowers must continue to meet loan obligations, including property taxes, homeowners insurance, property maintenance, and any applicable HOA or similar obligations. Program eligibility, proceeds, costs, and timing depend on the borrower, property, and current program requirements.
Important: This page is educational and is not financial, legal, tax advice, or a commitment to lend. Mortgage Capital Services LLC, NMLS #2694379 ยท Samantha S. Peel, Mortgage Loan Officer, NMLS #2685482.