Reverse Mortgages

Reverse mortgages provide homeowners aged 62 and older the ability to access the equity in their home without having to sell or make monthly mortgage payments. This unique loan product can offer financial flexibility, supplement retirement income, or help pay for unexpected expenses.

Key features of reverse mortgage programs include:

• Available to homeowners aged 62 and older
• Access equity as a lump sum, monthly payments, line of credit, or a combination
• No monthly mortgage payments required (borrower must maintain taxes, insurance, and property upkeep)
• Stay in your home while accessing its equity
• Loan repayment is deferred until the home is sold or the borrower no longer occupies the property
• Federally insured through the FHA Home Equity Conversion Mortgage (HECM) program

Reverse mortgages can be a powerful tool for creating financial stability during retirement. Contact us to learn more and see if a reverse mortgage is right for you.