Real homeowners 62 and older are using their home's equity to live more comfortably — without selling, without moving, and without monthly payments.
I was nervous about the whole thing. But after speaking with an advisor, I realized how simple it actually was. I paid off my remaining mortgage and finally have breathing room every month.
We didn't want to sell the home we raised our kids in. The reverse mortgage let us stay and still cover my husband's medical bills. It was the right decision for our family.
I wish I had done this five years earlier. My advisor walked me through everything patiently — no pressure, just honest answers. I now have a line of credit I can tap when I need it.
The stories above are illustrative examples representing common homeowner experiences and do not depict actual individuals or guaranteed results.
You've worked hard for your home. A reverse mortgage is a way to let that work pay off — on your terms, in your home, without disrupting your life.
There's no obligation to move forward. Just honest information from a licensed advisor who will explain everything clearly and answer every question you have.
You keep title to your home and remain responsible for property taxes, homeowner's insurance, and upkeep. Not meeting these obligations could result in default.
Tell us a little about yourself and we'll have a licensed advisor reach out within one business day.
Thank you. A licensed advisor will reach out within one business day.
Questions? Call 1-800-201-5626
It depends on your age, your home's value, and current interest rates. Generally, the older you are and the more equity you have, the more you can access.
Anything you'd like. Medical bills, home repairs, travel, daily living expenses, paying off debt — there are no restrictions on how you use the funds.
No problem. The reverse mortgage pays off your existing mortgage first, and you receive the remaining equity. Many homeowners do this to eliminate their monthly payment.
The loan is not due until you permanently move out of the home, sell it, or pass away. Your heirs then have options to keep or sell the home.
Yes. If both spouses are on the loan, both are protected. Even if one spouse passes away, the surviving spouse can remain in the home.
Most reverse mortgages close within 30–60 days of application. Your advisor will walk you through each step and keep you informed throughout.