Retirement income
Turn Home Equity Into Steady Monthly Income
A HECM Monthly Income Plan converts part of your equity into regular deposits, without adding a mortgage payment to your budget.
How the Payout Options Compare
Tenure
Equal monthly payments for as long as you live in the home as your principal residence.
Term
Larger monthly payments for a set number of years you choose.
Line of credit
Draw what you need, when you need it. The unused portion grows over time.
Combination
Monthly income plus a reserve line of credit for surprises.
Where It Helps
- Filling the gap between Social Security and actual monthly expenses
- Covering rising property insurance and medical costs
- Delaying Social Security to a higher benefit age
- Leaving retirement accounts invested during a down market
- Paying for in-home care instead of moving
Reverse mortgage proceeds are loan advances rather than income. How that affects your taxes and any benefits you receive depends on your situation — talk with your tax advisor and, if you receive needs-based benefits, your benefits counselor.
Ready to Talk It Through?
Call 208-412-3676 or send a message. No pressure, no obligation.