Local resident, Mark Fuchs, is helping seniors improve their retirement plan with the HECM financial tool

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Local resident, Mark Fuchs, is making sure that senior residents of Glendale, Middle Village, Maspeth, Ridgewood, and surrounding Queens communities are aware of the financial tools available to them.

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Mark’s financial firm, Innovative Equity Solutions, is focused on providing seniors and their families with honest and caring service, while educating them on all aspects of Home Equity Conversion Mortgages (HECM’s).

If you are a homeowner, and at least 62 years of age, a Home Equity Conversion Mortgage can give you the extra cash you need to live comfortably.

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By accessing the equity in your home, A HECM will grant you a line of credit, monthly payments, or a partial or lump sum payment.  An untapped line of credit becomes an increasing supply of tax-free cash that can be used any way the homeowner chooses.

This means that if you are granted a HECM, and you leave the line of credit available, it can protect you from a housing market crash or if the value of your house goes down.

“We approach HECM Reverse Mortgages as a “family affair”, specifically involving all members of a senior’s family, and their trusted advisors to make sure the decision is the right decision for the senior and their families,” said Mark Fuchs, Founder and President of Innovative Equity Solutions.

You can contact Mark Fuchs at 917-705-8919 or email him at mark@innovativeequitysolutions.net for a free consultation.

 

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