Access Home Equity
Convert part of your home equity into usable funds while remaining in your home.
No Required Monthly Payment
Borrowers must still meet loan obligations, including taxes, insurance, and property maintenance.
Flexible Payout Options
Funds may be available as a lump sum, monthly payment, line of credit, or a combination.
Why homeowners choose reverse mortgages
Reverse mortgages may help eligible homeowners use home equity to support retirement goals, improve monthly cash flow, or create more financial flexibility.
Stay in your home
Eligible homeowners can continue living in the home while accessing available equity.
No required monthly mortgage payment
Monthly mortgage payments are not required, though borrowers must continue meeting property-related obligations.
Use equity strategically
Funds may help supplement income, cover expenses, plan home improvements, or support long-term retirement needs.
Several payout choices
Depending on eligibility, funds may be structured as a line of credit, monthly payments, lump sum, or combination.
Who this option may be a good fit for
A reverse mortgage may be worth considering if you are age 62 or older, have meaningful home equity, and want to explore ways to use that equity while staying in your home.
- Homeowners age 62 or older
- Borrowers with available home equity
- Homeowners who want to remain in the home
- Retirees looking to improve monthly cash flow
- Borrowers planning for future expenses
- Homeowners wanting flexible access to equity
What to expect
Reverse mortgages have important eligibility rules and responsibilities. We help you understand the structure clearly before you make a decision.
Age and equity review
Eligibility depends on age, home equity, property type, occupancy, and overall loan requirements.
Primary residence requirement
The home generally must be your primary residence, and you must continue meeting occupancy requirements.
Ongoing responsibilities
Borrowers must continue paying property taxes, homeowners insurance, HOA dues if applicable, and maintain the home.
Counseling and education
Reverse mortgage borrowers typically complete required counseling so they understand the program before moving forward.
Reverse mortgage FAQs
What is a reverse mortgage?
A reverse mortgage allows eligible homeowners age 62 and older to access a portion of their home equity while continuing to live in the home.
Do I have to make monthly mortgage payments?
No required monthly mortgage payment is due, but borrowers must continue paying property taxes, insurance, and maintaining the home.
Can I stay in my home?
Yes, as long as the home remains your primary residence and you meet the loan obligations.
Is a reverse mortgage right for everyone?
No. It depends on your goals, home equity, age, property, and long-term plans. A careful review is important.
Need help getting started?
We can help you review reverse mortgage options clearly. Call us, text us, or complete our secure online mortgage application.