A reverse mortgage is a loan for
people above the age of 62 that
uses some percentage of a home’s
equity as collateral in exchange for
cash to the borrower most often
in monthly payments. Typically,
the loan is not repaid until the last
surviving homeowner permanently
moves from the home or passes
away. If one of these were to
occur the estate has
approximately 6 months to repay
the amount owed on the loan or
sell the home to pay the balance.
The remaining equity in the home
belongs to the estate and the
estate is not personally liable if the
home sells for less than the
balance of the loan.
The current interest rate
Your home’s value
Any outstanding mortgage or other lien on your property
Maximum loan limits determined by regulating authorities
For Immediate Assistance, Call 800-648-7048
Monthly Cash Payments From Your Home's Equity
Never pay for information regarding a reverse mortgage
Avoid lenders claiming any affiliation with the government or non-profit status. Always seek pre-loan counseling from your lender. A legitimate lender should be open with information and answer all your questions.
Avoid lenders that seem to pressure you into something you are not comfortable with.
We understand what your home
means to you and your family. We
also understand how difficult it
may seem to retire comfortably.
Our service allows you to
connect with Reverse Mortgage
professionals who can calculate
how much income you may be
able to receive monthly from your
homes equity. There are zero
fees and zero obligations for
using this website.