A Reverse Mortgage could make a difference in your financial life
Explore the benefits of a reverse mortgage and enjoy financial peace of mind
Try our reverse mortgage calculator to see what a reverse mortgage could do for your future.
A reverse mortgage can be a practical way for homeowners 62 and older to access part of their home equity without selling their home or taking on new monthly payments.
Our Reverse Mortgage Calculator gives you a clear estimate of how much you may qualify for based on your home value, age, and current interest rates. This calculation helps you understand your potential reverse mortgage funds before speaking with a specialist.
What are the Options to Receive My Reverse Mortgage Loan Proceeds?
A lump sum payment
A line of credit
Monthly installments
A combination of these options
Ready to explore your options?
Check your elegibility with our Reverse Mortgage Calculator.
A reverse mortgage can serve as a valuable retirement planning tool, helping seniors strengthen their long-term financial security by supplementing income, covering expenses, or preserving other assets.
What Are The Benefits Of A Reverse Mortgage?
The benefits of a reverse mortgage can be life-changing for eligible homeowners. The funds are tax-free, and you retain full ownership and title of your home. For those who qualify, it can provide greater financial flexibility and peace of mind in retirement.
No Monthly Mortgage Payments
You stay in your home and free up your monthly budget.
Flexible Access to Funds
Receive money as a lump sum, monthly payments, or a line of credit.
Government-Insured Protection
FHA-insured HECM loans provide added peace of mind.
You Keep Ownership
You remain the homeowner and can sell or refinance at any time.
What Are the Requirements for a Reverse Mortgage?
To qualify for a reverse mortgage, borrowers must meet the following FHA and HECM guidelines:
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Be at least 62 years old to meet the minimum age requirement for a reverse mortgage.
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Have sufficient home equity, which is essential for reverse mortgage approval.
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Use the home as your primary residence, as reverse mortgages are only available for owner-occupied properties.
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Complete a HUD-approved counseling session to understand how a reverse mortgage works and review your options.
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Demonstrate the ability to pay property taxes, homeowners insurance, and required maintenance, ensuring long-term loan compliance.
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Meet FHA property standards and flood zone requirements, which affect reverse mortgage eligibility.
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Have no delinquent federal debt, as this may impact your ability to qualify for a reverse mortgage.
Situations Where a Reverse Mortgage May Benefit You
Retirement Planning Support
Reverse mortgages can strengthen your long-term retirement strategy by giving you flexible access to home equity early.
Portfolio Protection
Use home equity during market downturns to avoid selling investments at a loss.
Improved Cash Flow for Aging In Place
Cover repairs, medical costs, or long-term care planning while remaining in your home.
Lifestyle Enhancements
Enhance travel, hobbies, or day-to-day comfort without draining other retirement assets.
Download our free PDF:
Everything You Need to Know About Reverse Mortgages.
