Secure your retirement with a reverse mortgage

With a reverse mortgage, you’ll simplify retirement and make the most of the home equity you’ve earned. Eliminate monthly mortgage payments and receive cash or a line of credit to finance life’s expenses.

How it Works

We help you understand whether a reverse mortgage is the right option to boost your retirement.
1
Learn about your options. A reverse mortgage is a powerful retirement tool that takes financial pressure off of you and your family.
2
Connect with the perfect lender. Together you’ll consider your age, home equity and other factors to see if you qualify.
3
Close your loan, pay off your current mortgage and receive a lump sum, line of credit, or monthly payments to use as needed in retirement.

Have you saved enough for retirement?

Whether you’re preparing for retirement or in the midst of navigating finances as a retiree, you may worry whether your assets will carry you through the years and allow you to thrive.

Many baby boomers reaching retirement age find they were unable to save enough money to confidently retire. You’re not alone.

You have options to make life affordable. A reverse mortgage helps those 62 and older (and sometimes younger) use their home equity to cover expenses like travel, aging in place, and visits with loved ones so they can retire happy.

Find out if a reverse mortgage will work for you.

What is the ZIP Code for the property?

Make the most of your home equity and your retirement

You’ve committed to paying your mortgage for years, building home equity. With a reverse mortgage you essentially convert that equity into cash that you can access to afford retirement, making the most of the investment you’ve made in your home.

The new loan pays off your current mortgage, eliminating monthly payments. Among other benefits, a reverse mortgage doesn’t have to be paid off until your status at the home changes, and the amount of debt owed can’t exceed the value of the property.

Is a reverse mortgage right for you? Connect with a lender to explore your options.

  • No more monthly mortgage payments
  • Receive cash or line of credit to manage expenses
  • Income received is likely non-taxable
  • Opens options to age in place by making your home affordable
  • Avoid draining your assets to afford retirement
  • Thrive in retirement with financial stability

Reverse Mortgage FAQs

What are the minimum requirements for a reverse mortgage?

If you meet this handful of requirements, you’re on the right track to securing a reverse mortgage.

At least one applicant needs to be 62 or older. A younger spouse can be on the loan.

You need to meet minimum requirements for the amount of home equity you currently have and show that you can pay ongoing housing costs like insurance and property taxes.

The home must be your primary residence. 

How do I use a reverse mortgage? 

With a reverse mortgage, you get a new loan that pays off your current mortgage and allows you to borrow from your home equity.

You receive either a lump sum of cash, a line of credit, or monthly payments that you can use to afford other life expenses. The amount of your new loan will vary based on your age, home equity, property value, and other factors.

How will a reverse mortgage help me afford retirement?

A reverse mortgage doesn’t require monthly payments, so it frees up vital income in retirement that would otherwise go to affording a mortgage. Keep in mind, you do need to maintain the home and continue to pay property taxes and insurance.

In addition to freeing up monthly payments, a reverse mortgage also allows you to borrow from your home equity to access cash for other expenses. By making retirement more affordable you can make your other life goals a reality — take the trip, take care of yourself, spend time with loved ones, etc.

Let’s get your reverse mortgage started

You’ve earned the equity in your home. Now it’s time to use it. Tell us about your situation and you’ll be on your way to securing the perfect reverse mortgage.