Payout Options
Line of Credit
Lump Sum Payment
Monthly Cash Flow Payments
Combination of All Previous Options
No Monthly Mortgage Obligations
As part of the loan, the borrower is required to continue paying property taxes and insurance, maintain the home, and use the home as their primary residence.
Loan Repaid When Home Is Sold
The loan becomes repayable when the last borrower sells the home. If there are profits after repaying the loan, you or your heirs will keep them. If you pass before the home is sold, your heirs have first rights to refinance the home.Â
Reverse Mortgages Are Popular
More than a million U.S. households are using a HECM reverse mortgage insured through the Federal Housing Administration (FHA) to help manage their cash flow.
What Can You Do with the Cash Proceeds from a Reverse Mortgage Loan?
Get Rid of Debt
Increase Cash Flow & Liquidity
Make Home Improvements
Buy a Second Home
Continue Living Your Lifestyle
Create Early Inheritances or Trust Funds
Pay for Health Care Costs
Help Children Buy a Home
Start a College Funds for Grandkids
Want to Learn More?
Curious About What You May Qualify For?
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*This advertisement does not constitute tax advice. Please consult a tax advisor regarding your specific situation.