Millions of American Seniors Are Nearing Retirement Age With No Savings

Millions of Americans nearing retirement age are still not financially stable or prepared for retirement. According to the U.S Census Bureau, 50% of women and 47% of men between 55 and 66 have no retirement savings at all.

A HECM (Home Equity Conversion Mortgage) can help borrowers eliminate their monthly mortgage payment and possibly receive a line of credit to use to supplement their income and be able to retire comfortably.