Reverse Mortgage

Reverse mortgages are a unique, government insured loan program that allows eligible homeowners 62 years old or older to access their home equity for immediate cash, a line of credit, a monthly check, or a combination of the three. In all cases, the homeowner has the right to never again make a monthly mortgage payment, as long as the real estate taxes and insurance are paid and other requirements are met.

I love my home. It is familiar, cozy and the place where I feel most secure and comfortable. I never want to leave. In fact, few people are eager to make a change in where they live, even as they grow older and their needs change. Studies have shown that 90 percent of adults over the age of 65 would prefer to stay in their current residence as they age.

By Alain Valles, MBA, CRMP, CSA Hopefully your life has been rewarding and pleasurable. But we all have experienced, or will someday face, life's unexpected...

By Alain Valles, CRMP, MBA, CSA, Managing Director, Helping Hands Community Partners, Inc. “If you give it out in slices it comes back in loaves.” As...

By Alain Valles You’ve worked hard, sacrificed for the kids, tried to save for retirement and chipped away at your mortgage. But now you need...

By Alain Valles Since 1987, Home Equity Conversion Mortgages (HECMs), also known as reverse mortgages, have been a viable option for hundreds of thousands of...

By Alain Valles, CRMP, CSA, MS, MBA, Nonprofit Managing Director 781-724-6221/av@hhcp.org As Managing Director of the self-funded nonprofit charitable mortgage company, Helping Hands Community Partners, our...

By Alain Valles, CRMP, CSA, MS, MBA (Photo Alain Valles, Photo submitted) You are invited to ask the questions. No question is too trivial or...

I love my home.   I love my independence.   I love my reverse mortgage. Home Sweet Home “I love my home.  I’m getting older.  I want to be financially...