A Reverse Mortgage allows homeowners aged 62 and older to convert a portion of their home equity into tax-free cash while continuing to live in their home. With no monthly mortgage payments required, this loan provides financial stability, supplemental income, and greater financial freedom during retirement. Explore your reverse mortgage options today!
A Loan Based on Your Home’s Equity
A reverse mortgage allows homeowners aged 62 or older to convert part of their home equity into cash without selling or making monthly mortgage payments.
No Monthly Repayment Required
Unlike traditional loans, repayment isn’t due until you move out, sell the home, or pass away — as long as loan terms are met.
Stay in Control of Your Home
You retain ownership of your home and can use the funds for anything from living expenses to medical costs or home improvements.
Retirees on a Fixed Income
A reverse mortgage can provide additional cash flow for seniors looking to supplement retirement income without monthly mortgage payments.
Homeowners with Significant Equity
If you’ve built up equity in your home, a reverse mortgage offers a way to access those funds for personal needs or long-term goals.
Those Planning to Age in Place
It’s ideal for homeowners who want to remain in their home long-term while using equity to improve quality of life or cover essential costs.
Borrow Against Your Home Equity
Instead of making payments, you receive funds based on your home’s equity. The amount depends on your age, home value, and loan type.
No Monthly Mortgage Payments
You don’t need to repay the loan each month. The balance grows over time and is repaid when you sell, move out, or pass away.
You Keep Ownership
As long as you meet the loan terms — including living in the home and maintaining it — you remain the homeowner.
Home Equity Conversion Mortgage (HECM)
A government-insured reverse mortgage available to homeowners aged 62 and older. This is the most common type and offers flexible payout options.
Proprietary Reverse Mortgage
A private reverse mortgage designed for higher-value homes. These loans are offered by individual lenders and may allow for larger loan amounts.
Single-Purpose Reverse Mortgage
Typically offered by state and local government agencies or nonprofits, these are limited-use loans for specific needs such as home repairs or paying property taxes.
No Monthly Mortgage Payments
Borrowers are not required to make monthly mortgage payments, helping reduce financial strain during retirement.
Access to Home Equity
Convert part of your home’s equity into tax-free cash to cover living expenses, medical bills, or home improvements.
Stay in Your Home
You remain the owner and can stay in your home as long as it’s your primary residence and you meet loan terms.
You’re 62 or Older
Reverse mortgages are designed for homeowners aged 62 and up who want to tap into their home equity without selling.
You Have Sufficient Home Equity
If you’ve built up equity in your home, a reverse mortgage can provide access to that value as tax-free funds.
You Plan to Stay Long-Term
Reverse mortgages work best if you intend to live in your home as your primary residence for the foreseeable future.
We specialize in helping homeowners aged 62+ access their home equity through Reverse Mortgage solutions tailored to their financial goals. Whether you want to supplement your income, eliminate monthly mortgage payments, or fund retirement expenses, we provide expert guidance and competitive loan options.
From application to closing, we ensure a smooth, stress-free process, helping you secure the financial flexibility you need while staying in your home.
If you’re ready to explore Reverse Mortgage options, contact us today to find out how you can unlock your home’s equity and enjoy a more comfortable retirement!
From first-time homebuyers to seasoned investors, we offer a wide range of Home Loan and Mortgage solutions designed to meet your unique needs. Discover competitive rates, flexible terms, and expert support to help you achieve your homeownership goals.
A Reverse Mortgage allows homeowners aged 62+ to convert a portion of their home equity into cash while continuing to live in their home. Unlike a traditional mortgage, borrowers don’t make monthly payments—instead, the loan is repaid when they sell, move out, or pass away.
To qualify, borrowers must:
Homeowners can receive their funds in multiple ways:
No. Reverse Mortgage borrowers are not required to make monthly payments. The loan balance is repaid when the home is sold, the homeowner moves out, or the homeowner passes away.
When the homeowner moves out permanently or passes away, the loan must be repaid. The home is usually sold to repay the balance, but heirs can choose to refinance or pay off the loan to keep the home.
No! The money received from a Reverse Mortgage is not considered taxable income and does not affect Social Security or Medicare benefits.
Homeowners must continue to pay property taxes, homeowners insurance, and maintain the home. Failure to do so may result in default and foreclosure.
Most lenders require homeowners to have at least 50% equity in their home to qualify. The exact amount depends on age, home value, and loan program.
Eligible property types include:
Reverse Mortgages may include:
Heirs can inherit the home and choose to refinance, sell, or walk away. If the home is sold, any remaining equity after repaying the loan goes to the heirs.
Yes! Borrowers can refinance a Reverse Mortgage to secure better loan terms, increase available funds, or switch to a new loan program.
If you don’t qualify, consider:
