Your Guide to Reverse Mortgages

What is a Reverse Mortgage?

A reverse mortgage, also known as a Home Equity Conversion Mortgage (HECM), is a loan available to home owners age 62 or older that allows borrowers to turn their home’s equity into cash. Unlike a traditional loan or second mortgage, the borrower does not have to repay the home until they no longer live at the residence, or fail to meet their mortgage obligations.

Traditionally, a reverse mortgage is a great option for those looking to pay for their basic needs in retirement. Most borrowers can use this as a form of income while they are waiting to free up other retirement funds, such as a 401k. This also allows the borrower to free themselves from old debts or supplement their monthly income.

Our Reverse Mortgage Specialists

View Specialists

Reverse Mortgage Myths

See the Myths

Reverse Mortgage FAQ

FAQs

The Reverse Mortgage Process

Learn the Process