Reverse Mortgage Calculators – Warning about HECM calculators online

Use AAG’s Reverse Mortgage Calculator to estimate the funds available to you based on your home value, equity, your age and more. Request your free information kit here or call us at (800) 224-0103.

Reverse Mortgages in Florida . CTC Mortgage offers the Home Equity Conversion Mortgage (HECM). This is the only reverse mortgage insured by the U.S. Federal Government. A reverse mortgage allows you to convert a portion of your home equity into cash. You do not have to sell your home or take on additional monthly debt payments.

The reverse mortgage program is also known as HECM, or a home equity conversion mortgage. The HECM program is insured by the Federal Housing Administration. Options for this loan program allow home owners to use a portion of the equity in their home as cash for expenses or toward the purchase of.

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