Access Equity Without Leaving Your Home

A reverse mortgage allows homeowners aged 62 or older to tap into their home’s equity and receive cash — without having to sell, move, or make monthly mortgage payments. It’s a flexible financial solution for retirees who want to improve cash flow, cover medical expenses, eliminate existing mortgage debt, or simply enjoy their retirement more comfortably.

The loan is repaid only when the home is sold, vacated, or the borrower passes away. Until then, borrowers continue to live in their home and maintain ownership, while enjoying the benefits of steady, tax-free income or a flexible credit line tailored to their needs.

Customizable Payout Options to Fit Your Retirement Goals

Reverse mortgages aren’t one-size-fits-all — you can choose how to receive your funds based on your financial plan. Whether you prefer a lump sum at closing, fixed monthly payments, a line of credit you draw from as needed, or a mix of these options, the choice is yours. Many retirees use their reverse mortgage to pay off existing mortgages, reduce credit card debt, fund travel, or cover medical care without touching their retirement savings. Having the ability to tailor your payout structure gives you control over how you use your equity — now and in the future.

Stay in Your Home Without Monthly Mortgage Payments

One of the most valuable benefits of a reverse mortgage is the ability to stay in your home without monthly mortgage obligations. As long as you meet basic loan requirements — such as living in the home as your primary residence, keeping up with property taxes, homeowners insurance, and maintenance — you can remain in your home for life. This makes it easier to age in place, preserve your lifestyle, and enjoy your retirement without the stress of monthly payments draining your income.

Built-In Safeguards for You and Your Family

Modern reverse mortgages, especially those insured by the FHA (known as HECMs), include several protections for both borrowers and heirs. You’ll never owe more than your home’s value at the time of repayment — even if the loan balance exceeds that amount. Your heirs have the option to buy the home, sell it and keep any remaining equity, or walk away with no financial responsibility if the home’s value has decreased. These built-in safeguards ensure that your financial legacy and family’s well-being are protected, while still giving you access to the resources you need today.