Reverse Mortgage
Turn your home equity into tax-free income — with no monthly mortgage payments.
What is a Reverse Mortgage?
A reverse mortgage — officially known as a Home Equity Conversion Mortgage (HECM) — allows homeowners aged 62 and older to convert a portion of their home equity into tax-free funds. Unlike a traditional mortgage, no monthly mortgage payments are required as long as you live in the home as your primary residence.
The loan is repaid when you sell the home, move out permanently, or pass away. Any remaining equity after repayment belongs to you or your heirs. Reverse mortgages are federally insured and regulated, providing important consumer protections.
Key Benefits
- No monthly mortgage payments required
- Tax-free proceeds (consult your tax advisor)
- Stay in your home as long as you choose
- Federally insured through FHA (HECM)
- Flexible payout options: lump sum, line of credit, or monthly payments
Who Qualifies for a Reverse Mortgage?
To qualify, you must be at least 62 years old, own your home outright or have significant equity, and live in the home as your primary residence. The home must meet FHA property standards.
A reverse mortgage can be a powerful retirement planning tool for seniors who want to supplement their income, eliminate their existing mortgage payment, or create a financial safety net. Our team will walk you through all the details so you can make a fully informed decision.
Explore Your Reverse Mortgage Options
No obligation consultation — let us show you what your equity can do for you.