Do I have to make monthly mortgage payments on a reverse mortgage?

No monthly mortgage payments are required as long as you live in the home as your primary residence, keep property taxes and homeowners insurance current, and maintain the property.

Who retains ownership of the home with a reverse mortgage?

You remain on the title and retain full ownership of your home throughout the life of the reverse mortgage.

What is non-recourse protection on an FHA HECM loan?

Non-recourse protection ensures that neither you nor your heirs will ever owe more than the fair market value of the home when the loan is repaid upon sale.

How can I receive funds from a reverse mortgage?

Proceeds can be received as an upfront lump sum, monthly payments, a growing line of credit, or a customized combination of these options.

Reverse Mortgage Solutions

Turn Your Home Equity Into Financial Freedom.

A reverse mortgage allows eligible homeowners age 55+* and older to convert a portion of their home equity into tax-free proceeds while continuing to live in and own their home. No monthly mortgage payments are required, provided you continue to pay property taxes, homeowners insurance, applicable HOA dues, and maintain the property.

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The Benefits of a Reverse Mortgage

Discover how tapping into your home's equity can provide financial security and peace of mind during your retirement years.

No Monthly Payments

No required monthly mortgage payments.

Retain Ownership

Remain in the home and retain full ownership.

Flexible Access to Funds

Access funds as a lump sum, monthly payments, line of credit, or combination.

Eliminate Current Mortgage

Pay off an existing mortgage to free up monthly cash flow.

FHA-Insured

FHA-insured HECM (Home Equity Conversion Mortgage) options available.

Non-Recourse Protection

You will never owe more than the home is worth when the loan is repaid.

Fund Your Lifestyle

Use the funds for retirement income, home improvements, healthcare, debt consolidation, or other needs.

Ready to explore your options?

Speak with one of our specialized reverse mortgage advisors today.

Reverse Mortgage Programs

Reverse Mortgage

HomeSafe Second (HELOC Alternative)

Access Your Equity Without Replacing Your First Mortgage

HomeSafe Second is a second-lien reverse mortgage designed for eligible homeowners who want to access their home equity while keeping their existing first mortgage in place.

Refinance

Reverse Mortgage Refinance

Convert Your Home Equity Into Cash

A Reverse Mortgage Refinance allows you to replace your existing mortgage with a reverse mortgage. Any remaining equity can then be accessed as tax free proceeds, giving you additional financial flexibility while eliminating your required monthly mortgage payment.

Home Purchase

Reverse Mortgage for Purchase

Buy Your Next Home With No Required Monthly Mortgage Payment

A reverse mortgage isn't just for homeowners—it can also help you purchase your next primary residence.

Retirement Planning

Is a Reverse Mortgage Right for You?

Every homeowner's situation is unique. That's why we take the time to understand your goals and explain every available option before you make a decision. Whether you're interested in refinancing your current home or purchasing your next one...

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Reverse Mortgage

See If a Reverse Mortgage Is Right For You

Complete this brief inquiry form and a MyLoanDesk reverse mortgage specialist will personally review your goals.