Click here to register for your complimentary HECONOMICS™ account, courtesy of the New Mexico Aging & Long-Term Services Department.
Learn about the free app Heconomics, a financial literacy tool designed to help seniors learn about reverse mortgages and assess whether this loan product is right for them.
How Does A Reverse Mortgage Work?
Have you ever wondered how a reverse mortgage works, but didn’t know where to turn to get trusted information? The State of New Mexico has created a pilot program to provide accurate and unbiased reverse mortgage information.
You can learn what a reverse mortgage is and how it works in three easy steps using a new web application called HECONOMICS™. HECONOMICS™ also creates a custom 20-page booklet with your information, explanations, and answers to frequently asked questions.
Use HECONOMICS™ on your own or with an Options Counselor:
- Register for your complimentary account and use HECONOMICS™ on your own, courtesy of the New Mexico Aging & Long-Term Services Department.
Or
- Call the Aging & Disability Resource Center (ADRC), to schedule a phone appointment to use HECONOMICS™ with an Options Counselor.
Who should understand the risks, requirements, and benefits of a reverse mortgage?
- Older Homeowners
- Adult Children & Caregivers
- Legal Services
- Senior Advocates
- Housing Agencies
HECONOMICS™ está en inglés y español.
Click here to register for your complimentary HECONOMICS™ account, courtesy of the New Mexico Aging & Long-Term Services Department or call the ADRC to schedule a phone appointment with an Options Counselor to receive your custom 20-page booklet.
