BCI Financial is committed to helping you find the right loan product for your needs. We understand that every borrower is different and we offer a variety of products to meet your individual requirements. We make the process of securing a loan simple and straightforward by offering you the latest in financial tools that enable you to make sound financial decisions.

HECM Reverse Mortgage
There are different types of Reverse Mortgages for different situations. The most common type is the Home Equity Conversion Mortgage (HECM), which is insured by the federal government.

• Available for individuals 62 years old or older
• No income or credit qualification
• No monthly payments are required
• Delivers tax free monthly income (consult your Tax Advisor)
• Allows homeowner to live in their home
• Title to the home remains in the homeowners name

The number of reverse mortgage loans made throughout the United States is increasing at a dramatic rate. The reason for this is more and more seniors and their families are educating themselves about the benefits of a reverse mortgage and deciding that it is the best solution for them. The question you may be asking yourself is "Is a reverse mortgage right for me?" or "Is a reverse mortgage right for my parents or older relatives?"

Before you can answer either of those questions, you need to get all the facts and, for that, you've come to the right place! By following the links above, you will be on your way to learning how a reverse mortgage might benefit you or the senior in your life. When you are ready to apply, or even if you just have more questions, we hope you will call BCI Financial.

You can also visit the AARP Website for additional facts about Reverse Mortgages.

Call for more information or click here and answer a few general questions to have a qualified Reverse Mortgage Specialist call you with specific answers to your specific situation.

Proudly serving all of Connecticut

Mike has been in the credit industry for over 39 years. He was Vice President of the Credit Bureau of CT for 27 years with one of his primary areas of resposibility in the marketing area. Mike has been extremely active in the industry by working in many trade organizations. Prior to the Credit Bureau, Mike worked for several financial institutions as a lender. Mike is a consultant with BCI in the Business Development area.

Member of the Connecticut North Advisory Board with the Connecticut Eldercare Planning Council.