Reverse mortgages allow homeowners 62 and older to convert part of their home equity into cash without making monthly mortgage payments.
HECM (Home Equity Conversion Mortgage) programs are federally insured, while proprietary reverse mortgages are private options for higher-value homes. These loans provide financial flexibility for retirees, helping cover living expenses, medical costs, or other needs while staying in the home.
HECM is a government-insured program with federally regulated protections, while proprietary reverse mortgages are private loans designed for higher-value homes, often with larger loan limits.
Homeowners 62 years or older who own their home outright or have significant equity are typically eligible.
No. Borrowers do not make monthly mortgage payments, though they must continue to pay property taxes, insurance, and maintain the home.
The loan is usually repaid when the homeowner sells the home, moves permanently, or passes away. Any remaining equity goes to the homeowner or heirs.
Connect with our team to explore HECM and proprietary reverse mortgage programs. We’ll guide you through eligibility, loan options, and repayment structures so you can access your home’s equity safely and confidently.
