Important disclosures. This material is for informational and educational purposes
only and is not a commitment to lend. Rates, program terms, and guidelines are subject to change without
notice. Not all applicants will qualify; all loans are subject to credit, property, and underwriting
approval. This is not financial, tax, or legal advice — please consult your own advisors regarding
your specific situation.
About the loan. A Home Equity Conversion Mortgage (HECM) is a loan that must be
repaid. When the loan becomes due and payable, some or all of the equity in the property will no longer
belong to the borrower, who may need to sell the home or otherwise repay the loan with interest from other
proceeds. Interest accrues on the outstanding balance and is added to the loan amount each month, so the
balance increases over time. The lender may charge an origination fee, mortgage insurance premium, closing
costs, and servicing fees, all of which may be added to the loan balance. Borrowers are responsible for
paying property taxes, homeowners insurance, and any applicable HOA dues, and must maintain the property.
The loan becomes due and payable when the last surviving borrower or eligible non-borrowing spouse dies,
sells the home, permanently moves out, defaults on taxes, insurance, or maintenance obligations, or
otherwise does not comply with the loan terms. Interest on a reverse mortgage is not tax-deductible until
the loan is partially or fully repaid. Loan proceeds are not considered income and are not taxable, but may
affect eligibility for need-based government programs such as Medicaid or SSI; consult a benefits specialist.
Other products. Home Equity Investments are offered through Reverse Freedom LLC.
An HEI is not a mortgage loan and is not insured by FHA. Proprietary reverse mortgages and reverse mortgage
“seconds” are private loan products. They are not insured by FHA and are not affiliated with or
approved by the HUD Home Equity Conversion Mortgage (HECM) program. Eligibility requirements, minimum age,
loan limits, terms, and availability vary by lender and by state and are subject to change without notice.
Not all products are available in all states.
Not a government agency. Reverse Freedom Mortgage is not affiliated with, endorsed
by, or acting on behalf of HUD, FHA, or any other government agency. These materials are not from HUD or FHA
and have not been reviewed or approved by any government agency.
Licensing. Reverse Freedom LLC dba Reverse Freedom Mortgage, NMLS #1382816, Utah
Division of Real Estate license #9441193, 9089 S 1300 W #110, West Jordan, UT 84088. Chad G. Peck, Principal
Lending Manager, NMLS #310031. Verify any license at
nmlsconsumeraccess.org .
Ranking claim. Ranked #1 of 133 Utah HECM originators by FHA-insured HECM endorsement
volume for the 12 months ending August 2026, per HUD/FHA public HECM data; reflects FHA-insured HECMs only
and does not include proprietary reverse mortgages.
Equal Housing Opportunity
