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UNLOCK THE EQUITY
IN YOUR HOME
Now you can use the appreciation in your home as you wish: for living expenses, home repairs, travel, past-due bills, taxes, health care costs, help out your children...or anything you'd like!

When you have a Reverse Mortgage, your home pays you cash.
There are no credit or income requirements.

You will not have to make another monthly mortgage payment!
Best of all, you retain title to your home. You own your home and you can never lose your home because you failed to make payments, as with a conventional loan.

Even if you have an existing lien or a mortgage on your home, a Reverse Mortgage will benefit you because the existing lien or mortgage will be paid off from the proceeds of your Reverse Mortgage.
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Use the equity in your home for any purpose. Stay in your own home living a self-sufficient life without depleting your existing savings or income.
Frequently Asked Questions


What is a Reverse Mortgage?
The Home Equity Conversion Mortgage program was created by the Federal Government in 1988. This Reverse Mortgage program is regulated by HUD (the Department of Housing and Urban Development) and by the FHA (the Federal Housing Administration). Should the lender ever fail, the Government guarantees the loan. You retain the title to your home and you receive any and all appreciation in the value of your home.

Do I Qualify?
To qualify for a Reverse Mortgage, you (and your spouse, if you have a spouse on the deed) must be 62 years of age or older. You must own your home (a mortgage on the home is permitted) and you must reside in the home as your private residence. Over 275,000 senior Americans have achieved greater financial security through Reverse Mortgages.

How Much Do I Qualify For?
The amount you can get from Reverse Mortgage depends on a few different variables including your age, the value of your home, and the location of your home. For a general idea of how much you may qualify for, use our Reverse Mortgage calculator. Contact us to request a detailed Reverse Mortgage illustration for your own unique quote!

When am I Obligated to Repay?
You can repay the loan at any time, but otherwise the Reverse Mortgage is repaid at the time of your death, when you sell your home, or when you permanently move out of your home. Your heirs receive title to your home at your death. Your heirs may then either sell the home or refinance and pay the balance owed.

What are the Costs of a Reverse Mortgage?
There are no out-of-pocket costs on a Reverse Mortgage. All costs, including any required repairs, termite inspections, appraisals and the like are funded into the loan. Fees and costs are regulated by HUD and are incorporated into the Reverse Mortgage.

How Does a Reverse Mortgage Affect My Taxes?
The loan proceeds are tax-free and your Social Security and/or Medicare payments are never impacted in any way.

How Flexible Are My Payout Options?
The Reverse Mortgage payouts are very flexible. You may take a lump sum in cash, you can take a tenure payment from the lender, you can leave it in an easily-accessed line of credit, or any combination of those. Either way, you may use the money for any purpose.

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