Nothing good in life is FREE. Have you ever heard the saying, there is no such thing as a free lunch?
The same is true in the world of mortgages. All loans have upfront costs...some are higher than others. And Home Equity Conversion Mortgages (HECMs) are no different.
I have heard this concern from clients and financial advisors. They are worried about the cost of a HECM. But like I said, nothing GOOD in life is FREE.
More important than the cost, is the WHY? Let’s evaluate the benefits to decide it the costs are worth the benefits for your situation. Is this the right program for you? Do the benefits outweigh the up front costs? What if we roll them into the loan so you do not have any out of pocket costs?
Can we actually put a cost on our peace of mind?
Learn more HERE.