Keep the home you love
A Reverse Mortgage can help you use your home’s equity to support your retirement while you continue living in the place you call home.
Why people look into this
Make room in your monthly budget
Some use it to eliminate a required monthly mortgage payment, freeing up retirement income for everyday living, medical expenses, traveling and much more!
How repayment works
Current owners can sell or refinance the home, while heirs can sell the home or keep it by repaying the loan with other funds or refinancing. If the loan balance exceeds the home’s value, they can generally keep it by paying 95% of its appraised value.
Watch how a reverse mortgage works
A short explainer. It plays here — you do not leave this page.
What to expect after you call
The reverse mortgage process is similar to any other mortgage and typically takes 30–60 days. After you talk with a licensed loan officer, the usual path is counseling, application, appraisal, underwriting, closing with a notary, then funds — with a three-business-day right of rescission after closing.
- 1. CounselingHUD-certified, independent
- 2. ApplicationIncome, title, and loan details
- 3. AppraisalIndependent third-party visit
- 4. UnderwritingApproved, conditions, or denied
- 5. ClosingNotary, usually at home
- 6. FundsProceeds after three days
Request a conversation
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