Do I have to make monthly payments?

No. You can voluntarily, but you don't have to. The loan is repaid when you sell, move out permanently, or pass.

No, as long as you keep up with property taxes, insurance, and home maintenance.

What happens to my heirs?

They can sell the home to repay the loan, keep the home by repaying the balance, or walk away - they'll never owe more than the home is worth.

How much can I borrow?

Depends on age, home value, and interest rates. Older borrowers with more valuable homes qualify for more.

Loan option

Reverse Mortgage

A reverse mortgage lets homeowners 62+ access their home equity without selling or making monthly mortgage payments. Stay in your home, supplement retirement income, and live with confidence.

Get a quote Pre-qualify

What Reverse Mortgage actually is.

A reverse mortgage - specifically a Home Equity Conversion Mortgage (HECM) insured by the FHA - is one of the most powerful retirement tools available to homeowners 62 and older.

You convert home equity into tax-free cash without selling or making monthly mortgage payments. You keep the title, you stay in the home, and you continue paying property taxes, insurance, and upkeep - but the mortgage payment goes away.

The loan is repaid when you sell the home, move out permanently, or pass away. Importantly, the loan is non-recourse: neither you nor your heirs will ever owe more than the home is worth, regardless of how the loan balance grows over time.

Illustrative sample figures for a template demonstration. Not a rate quote, not an offer to lend, and not live market data.

Who this fits

Homeowners 62 or older
Borrowers with significant home equity
Retirees needing income, line of credit, or lump sum
Anyone wanting to pay off an existing mortgage in retirement

Check whether you qualify

What this program buys you.

Supplement Retirement Income: Convert equity into a steady cash flow for the lifestyle you've earned.
Remain in the Home: You keep title and live in the home as long as it remains your primary residence.
Flexible Payment Options: Lump sum, monthly payments, line of credit, or any combination.
Non-Recourse Protection: You or your heirs will never owe more than the home is worth.

The process

Four moves from first call to keys.

Each step has one job and one owner. You always know which of the four the file is sitting in.

01CounselingHUD-required counseling ensures you fully understand the product.
02ApplyStandard application focusing on age, equity, and ability to maintain taxes/insurance.
03AppraiseA specialized appraiser confirms current home value.
04CloseSign at closing and choose your payout option.

Questions this program raises.

If yours is not here, ask it. You will get an answer in writing from the officer who would work the file.

Other programs

Get this priced against your own file.

Tell us the scenario and we will come back with real figures for Reverse Mortgage, and for the programs you did not ask about, so you can see all of them at once.