Reverse Home Loans & Reverse Mortgages – Unlock the Equity in Your Home

Welcome to’s Reverse Home Loan & Mortgage page! Here, we aim to provide you with comprehensive information on how reverse mortgages can help you unlock the equity in your home, providing you with financial flexibility in your golden years.

What is a Reverse Mortgage? A reverse mortgage is a type of loan available to homeowners aged 62 and older that allows them to convert a portion of their home equity into cash while retaining homeownership. The loan, along with accrued interest and fees, is repaid when the homeowner passes away, sells the home, or moves out permanently.

Benefits of a Reverse Mortgage:

  • Access to funds that can be used for any purpose, such as supplementing retirement income, covering medical expenses, or making home improvements
  • No monthly mortgage payments required (borrowers must continue to pay property taxes, homeowner’s insurance, and maintain the home)
  • Non-recourse loan, meaning the borrower or their heirs will never owe more than the home’s value
  • Funds can be received as a lump sum, monthly payments, a line of credit, or a combination of these options

Types of Reverse Mortgages:

  1. Home Equity Conversion Mortgage (HECM): The most common type of reverse mortgage, backed by the federal government.
  2. Proprietary Reverse Mortgage: A private loan not insured by the government, typically used for homes with higher values.
  3. Single-Purpose Reverse Mortgage: Offered by some state and local government agencies and non-profit organizations for a specific purpose, such as home repairs or property taxes.

How to Qualify for a Reverse Mortgage:

  • At least one borrower must be 62 years old or older
  • The home must be the borrower’s primary residence
  • The borrower must own the home outright or have a small mortgage balance
  • The borrower must attend a HUD-approved counseling session
  • The home must be in good condition and meet FHA property standards

At, we are committed to helping you understand the ins and outs of reverse home loans and mortgages. Our expert team is here to guide you through the process and answer any questions you may have. Contact us today to learn how a reverse mortgage can help you unlock the equity in your home and provide you with financial freedom in your retirement years!