Reverse Mortgage Information

Click here to register for your complimentary HECONOMICS™ account, courtesy of the New Mexico Aging & Long-Term Services Department.

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.

I need help. Where do I start? Call us. 1-800-432-2080

Need help? Click here to call us. 1-800-432-2080