Keep Your Home. Protect Your Equity. Catch Up on Back Property Taxes.
If you’re 62+ and have substantial home equity but are behind on property taxes, a Home Equity Conversion Mortgage (HECM) can pay off delinquent taxes and set up an escrow account so future taxes and insurance are paid automatically.
Escrow: Taxes & Insurance
Stay on Title
No Monthly P&I Payment
- ✓Use your equity to clear past-due property taxes—fast.
- ✓Set and forget: escrow pays future taxes & insurance automatically.
- ✓Stay in your home with peace of mind and improved cash flow.
1) Catch Up on Back Taxes
We evaluate your payoff amount and use your home’s equity via a HECM to pay delinquent property taxes in full, removing foreclosure risk.
2) Escrow for Taxes & Insurance
We set up an escrow account so your future property taxes and homeowners insurance are paid automatically. No more missed due dates.
3) Stay on Title
You retain ownership and stay on title. With a HECM, no monthly principal & interest payment is required (you must pay taxes, insurance, and maintain the home).
Am I Eligible?
- ✓Age 62+ and live in the home as your primary residence.
- ✓Substantial home equity (typically 50%+ combined loan‑to‑value depending on age & rates).
- ✓Able to meet ongoing obligations: property taxes, insurance, HOA (if any), and home maintenance.
Important: Program guidelines vary by county and lender overlays. We’ll review your situation and provide a clear, custom plan.
Real Story: A HECM Helped Save Her Home
“After my husband passed, I fell behind on my property taxes and didn’t know where to turn. Kevin showed me how I could use my home’s equity with a HECM to pay off the taxes and set up automatic payments. Now I sleep at night knowing my home is safe.”
— Mary T., Colorado Springs
Frequently Asked Questions
Will I still own my home?
Yes. You remain on title. A HECM is a mortgage lien secured by your home, not a transfer of ownership.
Can a HECM really pay off my delinquent property taxes?
Yes. HECM proceeds can be used to pay eligible liens including past‑due property taxes as part of your loan closing, subject to program rules and payoff verification.
What about future taxes and insurance?
We can establish an escrow account so property taxes and homeowners insurance are paid automatically going forward, reducing missed payments.
Do I have to make a monthly payment?
No monthly principal & interest payment is required on a HECM. You must continue to pay property taxes and insurance (often via escrow) and maintain the home.
What if I want to move later?
You can sell the home, pay off the HECM balance (the lesser of the loan balance or the home’s value), and keep any remaining equity.