A reverse mortgage is a loan that uses the equity in your home as collateral. The loan does not need to be repaid until your circumstances change, such as you sell your home, are no longer living there as your primary residence, or you pass away. Clients who use a reverse mortgage must meet all mortgage obligations, including but not limited to:
Reverse Mortgages have helped hundreds of thousands of seniors across the county convert their home equity into loan proceeds to supplement their retirement, pay living or health care expenses, pay off bills, repair their home, and more. Government insured* reverse mortgages are available to qualifying individuals aged 62 years and older who own their own home and live in the home as their primary residence.
* A Home Equity Conversion Mortgage (HECM) loan is a loan made or originated by a private lender. The Federal Housing Administration (FHA) insures a lender's HECM loan against certain losses, but it is still the lender's loan and not an FHA or government loan.
Here’s how our Reverse Mortgage process works:
You have the option to change your disbursement method at any time.
For mobile portrait - Scroll on the Reverse Mortgage Calculator to see all.