FAQs

Property condition will be factored into the value of the home, but HCS Equity is not governed by the same strict guidelines that traditional reverse mortgages contain. Items such as peeling paint, bad roofs, broken windows, missing flooring, empty pools, debris around the property, red tags on title, and other items that normally cause issues

Property condition will be factored into the value of the home, but HCS Equity is not governed by the same strict guidelines that traditional reverse mortgages contain. Items such as peeling paint, bad roofs, broken windows, missing flooring, empty pools, debris around the property, red tags on title, and other items that normally cause issues

In most cases an appraisal and termite report will NOT be required which saves time and costs. Determination of the requirement for either inspection will be determined by HCS Equity.

Yes, a HUD approved reverse mortgage counseling session is required to be completed 7 days before HCS can process the loan. A typical session will last less than 90 minutes and can be completed via phone or person. You will receive a list of providers to choose from. The cost of the session will be

No, the Reverse Relief loan can be paid off anytime before the due date without any sort of prepayment penalty or minimum months of interest due. You can pay any amount you like towards the principal during the term of the loan, but once the principal is paid down we do not offer a draw

Reverse Relief is a private reverse mortgage that is not provided by a government agency such as FHA or a FDIC bank. Capital for this loan program comes from private sources which eliminates much of the red tape and delays that are typically found on traditional reverse mortgage programs. The private funds allow HCS Equity

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HCS Equity has been providing capital to trusts and estates for over 20 years, and we are well versed in working with trustees, court appointed conservators, fiduciaries, attorneys, or other family members that may be involved in this transaction.