Mortgage | Reverse Mortgage

reverse mortgage home loan arizona jeff heggie

Jeff Heggie – Arizona Mortgage Loan Officer NMLS#2247399

Some of you may know, but in addition to my business, success, and peak performance coaching, I have recently joined Geneva Financial Home Loans, a mortgage lender headquartered in Chandler, Arizona as a Mortgage Loan Originator. I’ve always had a passion for serving others and now I’m proud to be a part of Home Loans Powered by Humans. If you are in the state of Arizona and looking to take the next step in your journey, contact me at 801-830-3858 to start the conversation.

NMLS#42056 BK#0910215 Equal Opportunity Lender.

In addition to my other articles on this site, at times I will share valuable information regarding the mortgage and/or real estate industry.

At Geneva Financial we offer Conventional, FHA, VA, USDA, Refinance, Reverse, Jumbo and Condo Financing as well as Down Payment Assistance Programs, First-Time Homebuyer Programs, Physician Loans and Hero Loans for First Responders, Police, Firefighters, Nurses, and Teachers.

The Arizona real estate market is exciting right now. So whether you are moving to Arizona and you’re looking to buy a new home, or you already live here and you’re looking to buy, or refinance, there are many opportunities.

Reverse Mortgage

A Reverse Mortgage is also known as a HECM ( Home Equity Conversion Mortgage)

What is a Reverse Mortgage?

A loan allowing those 62+ years or older to age in place by accessing a portion of their equity

  • Borrower receives proceeds in lump sum, line of credit, monthly payments or combination
  • FHA insured, non-recourse loan
  • Repayment is deferred- No monthly mortgage payments
  • Available as purchase
  • Amount available is based on age, interest rate, home value (up to $687,650) and a factor set by the FHA.


  • Increased Cash Flow
  • No repayment of loan until last borrower moves out, sells or passes way, as guaranteed by the Federal Housing Administration (FHA)
  • No penalty for early payment
  • Americans age 62+
  • 50% or greater equity in the home
  • Resides in subject property

Who is a Reverse Mortgage For?

  • Americans age 62+
  • 50% or greater equity in the home
  • Resides in subject property

Who is eligible for a reverse mortgage?

  • All borrowers must be at least 62 years of age
  • Must have sufficient equity
  • Must pass financial assessment
  • Must be primary residence- no second homes, vacation homes, etc.
  • All borrowers must attend reverse mortgage counseling

For more information and details contact Jeff at or (801)830-3858 or visit

Learn about other mortgage products: Conventional Loans, FHA Loans, Refinancing, VA Loans, USDA Loans, HERO Loans, Renovation Loans, Others


Published by D. Jeff Heggie

Father, Husband, Coach & Entrepreneur

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