New Mexico Reverse Mortgage information in a nutshell…
What is a Reverse Mortgage?
A “Reverse Mortgage” is also called a Home Equity Conversion Mortgage or a "HECM" (pronounced “heck-um”). It is a highly regulated program that is insured by HUD thru FHA (the Federal Housing Administration) and is intended to benefit homeowners 62 years of age and older. Because it is a unique and specialized program, most mortgage lenders do not even offer this program. Other lenders may advertise the HECM program but really are not specialists familiar with the intricacies or current on recent changes that affect you.
Also, DO NOT ever feel rushed or pressured… Obtaining a reverse mortgage is a process. It is a process that begins with an in-depth education so that you are confident in your understanding and are making the right choice for you.
Reverse mortgages can be a complex financial tool and are often misunderstood, but they don't need to be! New Mexico Reverse Mortgage educates seniors, families and their financial planners about reverse mortgage disadvantages and their advantages.
At New Mexico Reverse Mortgage, we only offer the HECM Reverse Mortgage program to New Mexico homeowners. We are specialists. Not a “call center” located in another state and we do not originate conventional “forward” mortgages. Our Certified Reverse Mortgage Professional (CRMP) educates New Mexicans about the HECM Reverse Mortgage program and our offices are located at
5810 4th Street NW in Albuquerque, New Mexico.
New Mexico Reverse Mortgage is an active member of the
National Reverse Mortgage Lender’s Association (NRMLA)
New Mexico Estate Planning Council (NMEPC)
New Mexico Mortgage Lender’s Association (NMMLA)
New Mexico Association for the Continuity of Care (NMACC)
Albuquerque Hispano Chamber of Commerce (AHCC)
Greater Albuquerque Chamber of Commerce (GACC)
We have assisted seniors, financial advisors and government agencies throughout New Mexico in…
Truth or Consequences
Take some time and explore our website! You will find access to reverse mortgage calculators, booklets, videos, other resources and lots of valuable information.