Reverse Mortgages (HECM) in Phoenix AZTurn Your Home Equity Into Tax-Free Cash With No Monthly Mortgage Payment
Are you 62 or older and house-rich but wishing you had more cash flow? A HECM reverse mortgage lets you turn some of your Phoenix home's equity into money you can use, without taking on a monthly mortgage payment. HECM stands for Home Equity Conversion Mortgage, and it's the reverse mortgage insured by the federal government through HUD. You keep the title to your home and continue living there, and the loan is repaid later, usually when you sell or move. It's a big decision, and I'll walk you through exactly how it works, what it costs, and whether it truly fits your goals, with no pressure.
- 10+ Years Experience
- 1000+ Families Helped
- $500M+ in Loan Volume Closed
- Backed by the Nation's #1 Mortgage Brokerage
- License NMLS# 1455718
When You Need Reverse Mortgages (HECM)
A HECM is worth a serious look if you're 62 or older, have built up substantial equity in your Valley home, and want more financial breathing room in retirement. Phoenix homeowners use reverse mortgages to eliminate an existing monthly mortgage payment, supplement Social Security or a fixed income, cover medical or in-home care costs, delay drawing down retirement accounts, or simply create a standby line of credit for peace of mind. You can even use a HECM to purchase a right-sized home closer to family or with less upkeep. It's typically a fit for people who plan to stay in their home for the long haul. You still have to keep up with property taxes, homeowners insurance, and basic maintenance, and I'll make sure you understand those responsibilities clearly before you decide anything.
Our Reverse Mortgages (HECM) Process
The process starts with a relaxed 15-minute call or text where I learn about your home, your age, and what you're hoping to accomplish. HECMs require independent counseling from a HUD-approved agency, which protects you and makes sure you fully understand the program, and I'll point you to trusted counselors. I run a soft credit check early so there's no impact on your score. From there I can give you a same-day estimate of how much you may be able to access. My AI-powered document tools make sharing paperwork simple, even if you're not tech-savvy, and I'm happy to help by phone. HECMs generally take a bit longer than a standard loan because of counseling and appraisal steps, often around 30 to 45 days. Throughout it all, I keep you and your family fully in the loop.
Reverse Mortgages (HECM) Cost in Phoenix
A HECM has a few costs to understand: an FHA mortgage insurance premium, an origination fee, an appraisal, and standard closing costs, many of which can be financed into the loan itself. What you can borrow depends on your age, your home's appraised value, and current lending limits. Because these loans are government-insured, they carry important consumer protections, including the guarantee that you'll never owe more than your home is worth when it's sold. I give you a clear, written breakdown of every cost and how it affects your equity before you move forward, with no hidden fees and no rush. You can also learn more directly from HUD, and I'll gladly review any of it with you and your family.
Why Choose Us
Reverse mortgages deserve patience and honesty, and that's exactly how I work with Phoenix seniors and their families in Mesa, Scottsdale, Chandler, Gilbert, and Tempe. Ten years in the business and 50-plus five-star reviews from real Valley homeowners. I shop dozens of lenders to find you the best HECM terms, a single bank can only offer its own product. You'll always know what I'm doing and why, in plain English. Same-day response on every text and call. And if a HECM isn't actually right for you, I'll tell you that too, because my job is to help you make the best decision, not just close a loan.
Mark Fazio made getting a hard money loan for my investment property in Phoenix incredibly easy. He explained all of my options, kept me updated throughout the process, and got us to the closing table quickly. I highly recommend Mark and his team to any real estate investor looking for financing.
Mark was fantastic to work with throughout our home purchase in Oklahoma. He was responsive, knowledgeable, and helped us overcome every obstacle that came up during the process. He made everything smooth from start to finish, and we truly appreciated his communication and professionalism. Highly recommend.
Mark was recommended by my Mortgage Broker in California and he was great. Made the whole process easy. Glad he was recommended to me.
Ready to Get Started?
Curious whether a reverse mortgage makes sense for you? Let's talk it through, no pressure and no obligation, and get you real numbers. Call or text Mark at (480) 690-9790.
To compare this with other ways to finance a home in retirement, see all of our Mortgage Broker options in Phoenix.
Reviewed by
Mark Fazio, Licensed Mortgage Loan Officer
NMLS #1455718 · Barrett Financial Group (NMLS #181106) · Phoenix, AZ
Mark Fazio is a licensed Phoenix mortgage broker with 10+ years of experience and over 1,000 home loans closed. He shops dozens of lenders to find the lowest rate on purchase, refinance, and specialty loans, and personally guides every client from the first call through closing.