Reverse Mortgages enable homeowners, ages 62+, to convert part of the equity in their homes into tax-free income without having to sell the home, give up title or take on a new monthly mortgage payment.  Reverse mortgages can be a good way for seniors to finance long term care needs and gain immediate access to needed capital.  Reverse mortgages can go by several names including:

• Reverse Home Mortgage
• Reverse Equity Mortgages
• HECM – Home Equity Conversion Mortgages

Learning whether this is a good choice for financing long term care is part of the information on reverse equity mortgages that BLS Advisors can provide.  As a member of NRMLA, BLS financial advisors will sit down with you or your loved one and help you determine if a reverse home mortgage is a smart financial decision and income source for you or your loved one.