Please join the Finger Lakes Independence Center and the Tompkins County Office for the Aging, partners in NY Connects, for the following presentation as part of the Disability and Elder Law Series.
Reverse Mortgages: Leveraging Home Equity to Create Better Outcomes
Wednesday, October 14
10:00-11:00 via Zoom
Presenter: Dick Downs, Home Equity Conversion Mortgage, Vice President, The Federal Savings Bank
A Home Equity Conversion Mortgage (HECM), also known as a reverse mortgage, was created over 25 years ago to help borrowers age 62 and older convert a portion of their home equity into tax-free money. HECMs are insured by the Federal Housing Administration and the Department of Housing and Urban Development provides additional safeguards for borrows. This presentation will provide a general overview and provide an opportunity to ask questions.
To register, please provide your name and email address: