What is a Reverse Mortgage?

Reverse Mortgage Commercial

A reverse mortgage is a loan against your home that you do not have to pay back for as long as you live in the home. It can help turn the appraised market value of your home into cash without having to make monthly mortgage payments; and can help you better manage your financial future. Rather than making a monthly mortgage payment, you actually receive funds from the lender based on the loan terms that your select. Perhaps best of all, a reverse mortgage allows you to still own your home throughout the entire term of the loan.

Let your home take care of you

Reverse mortgages can be a great way for qualified homeowners who are 62 years of age or older to access the equity in their homes.

A reverse mortgage can provide you with a source of funds to supplement your monthly income, cover healthcare costs, pay off existing mortgages or other financial obligations, fix up your home, or simply gain peace of mind. Whatever your specific goals, a reverse mortgage can go a long way towards helping you maintain your financial independence.

« back to finance your home