Reverse Mortgage Solutions & Resources

Explore how to unlock the value of your home’s equity in retirement.

WHAT IS A REVERSE MORTGAGE?

A reverse mortgage allows eligible homeowners age 62+ to convert a portion of their home equity into tax‑free funds — while retaining ownership and continuing to live in the home.

There are no required monthly mortgage payments.

IMPORTANT PROTECTION: NON‑RECOURSE LOAN

  • You or your heirs will never owe more than the home’s value

  • No other assets are ever at risk

  • Federally insured through FHA (HECM loans)

What non‑recourse means:
When the home is sold, the loan is repaid only from the home’s value. If the sale price is less than the loan balance, FHA insurance covers the difference — not you or your family.

HOW A REVERSE MORTGAGE WORKS

  • No required monthly mortgage payments

  • You keep ownership of your home

  • Funds can be received as:

    • Monthly income

    • Line of credit

    • Lump sum

    • Or a combination

You must continue to:

  • Pay property taxes & insurance

  • Maintain the home as your primary residence

Reverse Mortgage Myths—Simplified

No. You remain the homeowner.

No. Heirs are protected.

No, as long as home obligations are met.

IS A REVERSE MORTGAGE RIGHT FOR YOU?

  • A reverse mortgage may help seniors who want to:

    • Increase financial flexibility

    • Reduce retirement stress

    • Remain independent longer

    It may not be ideal if you plan to move soon or cannot maintain basic home obligations.