Reverse Mortgage
Turn Your Home Equity Into Opportunity
Your home is more than where you live. It’s one of your most powerful financial assets.
A reverse mortgage allows homeowners age 62 and older to access a portion of their home equity—without taking on a required monthly mortgage payment.
This isn’t about giving up your home.
It’s about putting your equity to work for you.
What Is a Reverse Mortgage?
A Loan Designed to Give You More Flexibility
A reverse mortgage allows homeowners age 62 and older to convert home equity into usable funds—without required monthly mortgage payments.
You continue to own your home. You remain in full control.
Many homeowners use reverse mortgages to:
Eliminate their existing mortgage payment
Improve monthly cash flow
Access equity when needed
Strengthen their retirement strategy
The loan is typically repaid when the home is sold or no longer your primary residence.
Not sure if a reverse mortgage is right for you?
FAQ
-
Yes. You retain full ownership of your home, just like with a traditional mortgage.
-
No monthly principal and interest payments are required. You must continue to maintain the home and stay current on taxes and insurance.
-
Yes. Reverse mortgages allow eligible buyers to purchase a new primary residence without required monthly mortgage payments.
-
The loan is typically repaid when the home is sold or no longer your primary residence. Any remaining equity belongs to you or your heirs.
-
Reverse mortgages are non-recourse loans, meaning you or your heirs will never owe more than the home’s value.
Refinance Your Home
Eliminate Your Monthly Mortgage Payment
If you currently have a mortgage, a reverse mortgage can refinance your existing loan and eliminate required monthly payments.
This can help you:
Improve monthly financial flexibility
Reduce financial stress
Access additional equity if needed
Increase overall retirement stability
For many homeowners, this means more freedom and fewer financial obligations each month.
Purchase a Home With a Reverse Mortgage
A Powerful and Often Overlooked Option
Many people don’t realize reverse mortgages can also be used to purchase a new home.
This allows eligible buyers to:
Downsize into a more manageable home
Relocate closer to family
Move into a retirement-friendly property
Purchase a home without taking on the required monthly mortgage payments
This strategy allows you to buy a home that fits your lifestyle—without adding financial stress.
Take the First Step Toward Greater Financial Flexibility
Use Your Home to Strengthen Your Financial Future
Your home equity can be used to support your retirement and provide greater financial confidence.
Reverse mortgage proceeds can be used for:
Supplementing retirement income
Paying off debt
Covering healthcare expenses
Making home improvements
Creating a financial safety net
Your home may be able to provide more financial flexibility than you realize.
