What Is A Reverse Mortgage Loan?

A Reverse Mortgage Loan Turns Home Equity Into Tax-Free Cash*

A reverse mortgage turns a portion of the equity in your home into tax-free cash.* The loan proceeds are considered a loan, not income. The most common reverse mortgage is the HECM (Home Equity Conversion Mortgage). These loans are federally insured, come with a variety of consumer protections, and offer payouts in multiple forms.

Payout Options

Line of Credit

Lump Sum Payment

Monthly Cash Flow Payments

Combination of All Previous Options

No Monthly Mortgage Obligations

As part of the loan, the borrower is required to continue paying property taxes and insurance, maintain the home, and use the home as their primary residence.

Payment Settled on Your Terms

As long as all loan terms are met, the loan becomes repayable when the last borrower leaves the home. That means you or your heirs can pay off the loan or sell the home.

Reverse Mortgages Are Popular

More than a million U.S. households are using a HECM reverse mortgage insured through the Federal Housing Administration (FHA) to help manage their living expenses.

What Can You Do with the Reverse Mortgage Loan Payout?

Buy a Nicer Home

Make Strategic Investments

Get More Pleasure from Retirement

Increase Cash Flow

Extend Your Retirement Savings

Pay Off Your Existing Mortgage

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