Reverse Mortgage Explained - How do Reverse Mortgages Work

You're going to love this video about Reverse Mortgages. Call me at 435-359-9000 when you're ready to know what your options would be with a HECM Reverse Mortgage. I produced this video to teach the new HECM Reverse Mortgage Guidelines as a type of Reverse Mortgages 101. My hope is to make Reverse Mortgages easy to understand. In the video I explain how Reverse Mortgages work now and how things have changed in recent years. I also spend time highlighting common scenarios so you can see how the HECM Reverse Mortgage can be used strategically to improve your finances whether you're struggling from month to month, have more money than you'll ever be able to spend or somewhere in between. You'll be surprised to learn what you didn't know about the New HECM Reverse Mortgage. Likewise you'll glad to learn that most of the scary stories you've heard about Reverse Mortgages either no longer apply or were never true in the first place. If you have questions or would like to have the video in DVD format email me at [email protected] or call my office at 435 359 9000. For more information about Reverse Mortgages visit www.heritagereversemortgage.com NOTE: around minute 16 I explain the Growth Line of Credit. I just want to make it clear that the growth of the line of credit is not an asset like a savings account. the increase is an increase in borrowing power. meaning if your line of credit grows by 5,000 in a year, that doesn't necessarily mean your home's value has grown, it just means you can borrow up to an additional $5,000 from the loan.